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Foreign cash gift from deceased relative

gvenn1
Posted Wed, 04 Jan 2023 11:41:01 GMT by gvenn1
WarningThis post is currently being moderated and will be visible when it has been approved by a HMRC moderator.
HMRC Admin 19
Posted Tue, 10 Jan 2023 13:43:25 GMT by HMRC Admin 19
Hi,

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

Tax on savings interest

Tax on dividends

Thank you.

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