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Where Taxpayers and Advisers Meet

Income Tax Payable for Cash Transfer from Another Country?

RedWineLover
Posts:4
Joined:Thu May 04, 2023 7:41 pm
Income Tax Payable for Cash Transfer from Another Country?

Postby RedWineLover » Sat May 25, 2024 7:07 pm

Hello,

I am a UK tax resident and domiciled, and my family members, who are not UK residents, would like to gift me a large sum of money to help me buy a house in the UK. Would this gift be subject to income tax?

Thank you for your time. Please let me know if you require any further information.

pawncob
Posts:5115
Joined:Wed Aug 06, 2008 4:06 pm
Location:West Sussex

Re: Income Tax Payable for Cash Transfer from Another Country?

Postby pawncob » Sat May 25, 2024 8:37 pm

No.
With a pinch of salt take what I say, but don't exceed your RDA


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