Hi.
My mum that lives oversees (Poland) wants to give me quite big moneygift. The money would be sent to my Polish bank account and none of it would be transfered to UK bank. My questions are:
1. Do I need to declare that to HMRC? If so when? Is there any time frame?
2. Will I have to pay tax on it if my mum dies within 7 years (same as all UK moneygifts) or are oversees moneygifts free from any taxes?
3. If I do or I dont have to declare it or pay tax on it can you please quote a law confirming it?
Cheers and thank you
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