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Where Taxpayers and Advisers Meet

Gifts from abroad

Nailuj
Posts: 1
Joined: Sat Aug 31, 2019 6:52 pm

Gifts from abroad

Postby Nailuj » Sat Aug 31, 2019 7:17 pm

Hello,
I have understood from the web gifts from abroad are not considered as foreign income, however I would still like some advice based on my specific case.
I am EU national and I started working in the UK, where I live, last year. I only have this job and my employer pays my taxes through PAYE.
I have a pre-paid card in my country (it is not a bank account, and I am not paid any interests on it), where only my parents send some money to help me pay my student loan off. I usually move this money to my UK bank account through an online currency exchange service, as it is cheaper than an international bank transfer from my parent's account.
So, should I declare it to HMRC?
Thank you in advance

pawncob
Posts: 4352
Joined: Wed Aug 06, 2008 4:06 pm
Location: West Sussex

Re: Gifts from abroad

Postby pawncob » Mon Sep 09, 2019 4:37 pm

No. there's no UK tax due on gifts.
With a pinch of salt take what I say, but don't exceed your RDA


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