Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Fri, 21 Jan 2022 20:00:30 GMT by carolyn Chou
HI I am UK taxpayer, and UK PR holder, my father who is HK passport holder ,lives in Hong Kong ,wants to transfer from HK to my UK account,around GBP 1.5 million,for me to buy a flat in UK, am I subject to any tax? Thank you
Posted Mon, 24 Jan 2022 15:01:16 GMT by HMRC Admin 2
Hi,

There is no Income Tax liability on this but please contact our Inheritance Tax team regarding cash gifts.

How Inheritance Tax works: thresholds, rules and allowances

Inheritance Tax: general enquiries

Thank you.

You must be signed in to post in this forum.