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Money gift tax?
-
youssefghalawnji
- Posts:6
- Joined:Sat May 28, 2016 6:32 pm
Hello I have got a question , my friend is living outside UK and is very rich Wanted to give me a money gift of 40000£ or maybe a little less or more do I have to pay any tax on this money or he has to pay any to UK and how much it will be if yes? Iam a UK resident but he is not .and where do I have to go to arrange this to a property solicitor or to accountant or a money advisor please let me know in full details thanks
Re: Money gift tax?
I don't think you'll get an answer on this forum. It's too close to MLR for anyone to tackle.
With a pinch of salt take what I say, but don't exceed your RDA
