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Posted Tue, 24 Jan 2023 13:17:43 GMT by Sartaj Singh
HI...I am UK citizen and my mother in law wants to send me money from India as a gift. Is there any tax implication in UK and is there any annual limit?
Posted Thu, 26 Jan 2023 15:01:58 GMT by HMRC Admin 25
Hi Sartaj Singh,

There are no income tax implications on the receipt of a cash gift unless the income generates interest or dividends.

These would then potentially be subject to tax.

Further guidance here:

Tax on savings interest

Tax on dividends 

Thank you. 

 

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