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Gifted Money from Friend abroad CGT

lucywhy
Posted Fri, 23 Jun 2023 23:06:58 GMT by lucywhy
WarningThis post is currently being moderated and will be visible when it has been approved by a HMRC moderator.
HMRC Admin 20 Response
Posted Wed, 28 Jun 2023 16:13:28 GMT by HMRC Admin 20 Response
Hi lucywhy,

There are no income tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends.
These would then potentially be subject to tax.  
Further guidance can be found here Tax on savings interest and Tax on dividends.  

Thank you.

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