Hello, I'm new to the forum and very much a layman so I'm really hoping someone could be kind enough to help or give me some pointers.
I'm a UK citizen but live in Spain and the rest of my family live in the UK. My brother and I sold a flat in the UK and my share of the money is sitting in his UK bank account. I want him to transfer around £120K to my Spanish bank in order for me to pay off my mortgage for my flat in Spain, but if he does it from his account it will cost around £12K in fees. My dad however is retired and therefore if the money was transferred from his account the fees would be significantly less. The question therefore if my brother transferred such a large sum of money to my Dad's account to be transferred to mine, would it then be considered as income for my Dad by the Tax office and need to be taxed or affect his retirement status?
I hope my question makes sense and if you are aware of any knock-on complications with my idea please let me know.
Thank you so much
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