Skip to main content

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

Posted Thu, 05 Sep 2024 11:14:47 GMT by Diana Lem
Hello, Do I need to have to pay tax on a cash gift, received from my co-habitee partner (not married) that I put towards purchasing a house? Are there any income tax or inheritance tax I need to be aware of. Thank you
Posted Thu, 12 Sep 2024 12:49:52 GMT by HMRC Admin 20 Response
Hi,
There are no tax implications on the giving or receipt of cash gifts, but you may wish to speak to inheritance tax regarding any inheritance tax implications
How Inheritance Tax works: thresholds, rules and allowances.  
You may also want to review the guidance at
How Inheritance Tax works: thresholds, rules and allowances Rules on giving gifts
Thank you.

 

You must be signed in to post in this forum.