Gift tax for cash gift from overseas

Hi SaiGrandhi,
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
Tax on dividends
Thank you. 

  

 
 

Hi Faisal Jan,

I would advise reading over this guidance if bring cash into the UK:
 Taking cash in and out of Great Britain

Thank you.

Hi Jasminder Singh Kohli,
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
Tax on dividends
You may want to contact your bank with regards to the large deposits.
Thank you. 



 

Hi My father is not UK national and he never stayed in UK he have overseas business he want to put his business in trust and want to make me one of beneficiary he say to me every year I will get dividend in foreign country do I have to pay tax on this income Thanks N

Hi I am a naturalised UK citizen/UK tax payer. I married legally in 2021/religious ceremony in 2022. One of my parents with no ties to the UK wishes to give me a cash gift of USD 7,000 on the occasion of my marriage (transfer this amount from abroad). Given that some time has passed since the wedding, do I have to declare this and do I get taxed for it? Thank you very much.

Hello, I am polish citizen living in uk(resident), and tax payer in uk. My father want to gift me about £19,000, but he will give me the money in Poland and I will bring them into UK by a ferry. Do I have declare and pay tax for that?

Hi, I am a tax-paying UK citizen. My mother who lives in India wants to gift me money for the purposes of buying property. Will this gift money be taxable? Is there a limit over which the money will be taxed?

Hi, I'm an English citizen and my husband is a Polish citizen with settled status, both living in the UK. My husbands mother would like to send us £40,000 as a gift, from Poland. Please can you let me know what taxes need to be paid? And if/how it needs to be declared We are hoping to pay of my student loan and some of our mortgage with the money. Thanks!

Hi Kon,
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
 Tax on dividends
Thank you. 

Hi Afaq Khan,

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. You can see further guidance here:

Tax on savings interest

Tax on dividends

Thank you. 

 Hi,
 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
 Thank you. 

Hi Jo Jones,
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.  

Hi Mimmy Jain,

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  

Thank you.

Hi, I am an italian resident in Uk, with a pre-settlement approved. I am currently not employed and my brother wants to send me money from abroad to help me to buy a flat in london. Do I have to declare this money and also do I have to pay any taxes on top? How much can he send me before start paying taxes? Thanks

Hi I am UK Citizen, My friend has a company in Dubai and want to gift my child £30000 for studies in UK from his company in Dubai. Can he send the money to me directly from his company in Dubai in my UK account and then i can pay the school fee and do I have to pay any tax on it in UK? or can he pay the school directly from his company in Dubai. In either case will i have to pay any tax in UK? Please advise Thank you so much

I am British citizen and my father in law is in Pakistan want to gift £50000.00 to me as a deposit to buy house in Uk. It would be b International bank transfer to Uk bank account. What implications about tax and declaration about money laundering

Hi Fabio Spano,

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

Tax on dividends 

Thank you.

Hi nitin khokha,

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.
He can pay the school or you can.

Thank you.

Hi Baari Khan,

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 seen here:

Tax on savings interest

Tax on dividends

Thank you.

I would like to transfer some money from my Polish account into English one around £30,000. The money comes from the sales of flat in Poland which happened a few years ago.The Flat was left for me by my grandmother in her will as a gift and I did not have to pay taxes when I came into possession of the flat in Poland. Will I need to declare the transfer from overseas account into English one with HMRC and also explain what the source of the money is with HMRC for example translate the will? Will I need to pay taxes in the UK? I have a settled status in the UK and have been living here and paying taxes for the last 10 years. Can someone please advise? Best, Agnieszka