Hello,
My understanding is that tax is usually not due when receiving cash gifts from abroad.
However, I received a cash gift from my parents from the UAE and there was no dual taxation agreement in place at the time. I should mention that my parents are not UK nationals and that they are not domiciled in the UK and that they have no financial link to the UK. I should also mention that I am domiciled in the UK and that I pay all my taxes here.
I would like to know whether the absence of this agreement changes my liability to pay tax on this gift.
Thank you!
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