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Where Taxpayers and Advisers Meet

Taxes on income from Spain?

Triod
Posts:1
Joined:Mon May 31, 2021 2:48 pm
Taxes on income from Spain?

Postby Triod » Mon May 31, 2021 3:01 pm

Hi everyone,

I've been living in London for more than 16 years, and my parents are going to send me money from Spain to help me while I do my studies as I can only work part time while I'm going to the University. They are thinking of transferring me 10000 euros for next year's course. Would I have to pay taxes for it? Is it better if they make small monthly payments instead of a big one?

Thanks
Ignacio G.Z.

pawncob
Posts:4724
Joined:Wed Aug 06, 2008 4:06 pm
Location:West Sussex

Re: Taxes on income from Spain?

Postby pawncob » Tue Jun 01, 2021 3:36 pm

No tax due on gifts from abroad.
With a pinch of salt take what I say, but don't exceed your RDA

ShawnaDurgan
Posts:4
Joined:Tue Jun 29, 2021 2:11 am

Re: Taxes on income from Spain?

Postby ShawnaDurgan » Mon Jul 05, 2021 10:54 am

Thanks for sharing details here. I even didn't know much about it.


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