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~GBP60k wedding gift from North Macedonia

Posted Sun, 19 Nov 2023 16:06:49 GMT by
Hi, My grandfather who lives in North Macedonia (where I am originally from) wants to gift me and my husband around 60k pounds as a wedding gift to help with a down payment. I am a UK resident and citizen. Are we liable for any tax or declaration on this amount? Thank you.
HMRC Admin 25 Response
Posted Wed, 22 Nov 2023 14:19:07 GMT by HMRC Admin 25 Response
Hi alekswrites,
No, there are no tax implication of a cash gift.
However, any interest or dividends that this then generates is taxable income.
Thank you. 

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