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Posted Wed, 08 Nov 2023 17:03:44 GMT by
Hello, I am a UK national hoping to buy a first home with an international loan from a family member, as far as I'm aware the only taxable point will be on interest paid to them in the US, at their end, but I've been told there may be a UK Inheritance tax issue on a family cash loan to buy property. Is this the case? Regards
Posted Fri, 10 Nov 2023 11:00:13 GMT by HMRC Admin 25 Response
Hi Chris Antrobus,
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:
Inheritance Tax: general enquiries  
You may also want to review the guidance here:
How Inheritance Tax works: thresholds, rules and allowances
Thank you. 

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