Cash gift/loan from foreign parents to foreign UK resident non-domiciled
Posted: Thu May 18, 2017 12:14 pm
Hello everyone
Is a cash gift received from non-uk parents, from abroad, to a non-domiciled foreign uk resident child, subject to the same rules as domiciled citizens? Is is tax-free, and should it be declared in a tax return?
Thanks
Is a cash gift received from non-uk parents, from abroad, to a non-domiciled foreign uk resident child, subject to the same rules as domiciled citizens? Is is tax-free, and should it be declared in a tax return?
Thanks