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Posted 6 months ago by Emib
Hi, Im currently a UK-resident and non UK domiciled. So a family member who is a non UK-resident and non UK-domiciled transfers me a cash gift (e.g £40,000) from his non UK bank account to my UK bank account, will that money be subject to taxation? Do I have to declare them in any tax self assesmnet form or so? Thank you
Posted 6 months ago by HMRC Admin 2
Hi,
The cash gift will not be subject to taxation and you do not need to declare this anywhere.
If the money sits in a UK bank account and earns interest, the interest may be subject to taxation though.
Thank you.
gift cash from family應該唔洗 declare