Cash gift from abroad

I am an Indian citizen and a UK tax resident. I don’t have an ILR yet. My mother wants to send me £350,000 to help me buy a house here. Do I need to declare this amount to HMRC? Thanks.

Hi,

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. You can see guidance here:

Tax on savings interest

Tax on dividends

Thank you.