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Posted Tue, 02 May 2023 17:48:41 GMT by
Hi I live in france and wish to give my daughter 10000£ as a gift from my french bank. Could you tell me will she need to pay tax on this?
Posted Wed, 10 May 2023 08:37:44 GMT by HMRC Admin 25
Hi Matthew Bell,

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.  
Please see further guidance here:
Tax on savings interest
Tax on dividends

Thank you, 


 

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