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Posted Wed, 01 Nov 2023 13:56:16 GMT by
My mother lives and works in Singapore and is a UK citizen but not registered in UK for tax. They have lived and worked in Singapore for 32 years. She is going to get paid about S$200,000 and wants to give it me. If her client pays me directly into my UK bank, am I liable to pay tax. I am a 36 year old UK citizen and PAYE tax payer.
Posted Thu, 02 Nov 2023 14:06:16 GMT by HMRC Admin 32 Response
Hi,

There are no Income Tax implications of receiving cash gifts, you will report the interest you receive from bank and investment at the end of the tax year.  

You may wish to check if your gift may be subject Inheritance Tax.

Have a look at:

How Inheritance Tax works: thresholds, rules and allowances

Thank you.

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