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Posted Tue, 24 Jan 2023 22:09:50 GMT by Faria Parker
Dear HMRC Team, I am a dual UK/USA citizen. My Dad (US citizen) wants to give me a cash gift. Is there any limit to how much he can give me before it's taxed? Thanks
Posted Thu, 26 Jan 2023 16:05:14 GMT by HMRC Admin 32

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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