Indian HNIs with Overseas Properties Weigh Compliance Under New OECD Auto Exchange
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Indian high-net-worth individuals are preparing for new OECD automatic exchange rules, granting tax authorities access to foreign real estate data from 2029.
Indian high-net-worth individuals (HNIs) who own properties abroad are beginning to evaluate how to comply with the new automatic exchange framework established by the Organisation for Economic Co-operation and Development (OECD). Legal and immigration experts indicate this framework will give Indian tax authorities unprecedented access to information on foreign real estate holdings, starting in 2029.
This new framework broadens the scope of global tax transparency to include immovable property, an asset class that previously remained outside automatic exchange mechanisms like the Common Reporting Standard (CRS). The OECD's Tax Transparency in Asia Report 2025 stated that member jurisdictions identified at least €24 billion in additional revenue between 2009 and 2024 through exchange-of-information mechanisms; €1.9 billion was identified in 2024 alone.
India, during its G20 presidency, advocated for expanding the CRS to include non-financial assets such as real estate under automatic exchange among the 38 OECD member countries. This push resulted in a dedicated multilateral framework for the automatic exchange of information regarding real estate.
