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Where Taxpayers and Advisers Meet

Gift from parents from EU

Kkondzior
Posts: 1
Joined: Thu Aug 29, 2019 2:42 pm

Gift from parents from EU

Postby Kkondzior » Thu Aug 29, 2019 2:50 pm

My parents want to give me some money; circa £20k. They live in EU and never been in UK; I am British citizen and domiciled in UK.
What are tax implication of above?
Do I need to notify the HMRC when I receive the gift? Form to fill? Is there any tax on it?

Thanks

AGoodman
Posts: 881
Joined: Fri May 16, 2014 3:47 pm

Re: Gift from parents from EU

Postby AGoodman » Thu Aug 29, 2019 4:02 pm

None/nothing in the UK


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