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Where Taxpayers and Advisers Meet

Taxation of gifts for non-residents received from non-residents

SG_Aziz
Posts:2
Joined:Mon Feb 07, 2022 10:39 am
Taxation of gifts for non-residents received from non-residents

Postby SG_Aziz » Mon Feb 07, 2022 10:42 am

James, a physical entity, non-resident in UK, owns 100% shares in a UK Company, Company A.
James is planning to gift his shares in Company A to Bill (physical entity, non-resident in UK).
What are the tax implications for Bill and James if any?

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