Dutch national in UK receiving money from abroad
Posted: Wed Sep 12, 2018 11:50 am
Hello,
I am a Dutch national living and working as self-employed in the UK. My father (Dutch national and resident in the Netherlands) gifted me money in 2017 and 2018, the maximum amount allowed under Dutch law (±€5300/yr). My father passed away a couple of months later.
Is this money exempt from tax here, even though he passed away within 7 years of giving it? Or does that rule only apply to UK nationals?
Do I need to declare this to the HMRC and if so, how? I do the self-assessment myself.
Many thanks in advance for your answers!
I am a Dutch national living and working as self-employed in the UK. My father (Dutch national and resident in the Netherlands) gifted me money in 2017 and 2018, the maximum amount allowed under Dutch law (±€5300/yr). My father passed away a couple of months later.
Is this money exempt from tax here, even though he passed away within 7 years of giving it? Or does that rule only apply to UK nationals?
Do I need to declare this to the HMRC and if so, how? I do the self-assessment myself.
Many thanks in advance for your answers!