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Posted Fri, 08 Sep 2023 11:00:22 GMT by Mel Buxton
Would I need to pay tax on a cash gift from a family member ?
Posted Mon, 18 Sep 2023 11:16:05 GMT by HMRC Admin 10
There are no income tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends.
These would then potentially be subject to tax.  
Further guidance can be found here (Tax on savings interest and Tax on dividends).

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