Gifted money Rep Ireland > UK

Hi, A family member who is a tax resident in the Republic of Ireland, has money in their UK based business bank account that they would like to gift to me. While the bank account is in a UK bank, the account is registered to an Irish address and has been for approx 20 years. All relevant income taxes on this money has been paid in the Republic of Ireland. I am based in the UK, tax resident since 2010. 1. What is the tax implication of receiving money as a gift from Rep Ireland to England? 2. This money could between £50-£100k, does this make a difference to question 1? 3. If this money is transferred from the UK banks account direct to my UK bank account, without first going via Ireland, does this make a difference?

Hi,

There are no Income Tax implications of a cash gift.

However, banks may want further evidence in order to meet their money laundering requirement checks.

Thank you.