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Gifting funds earned overseas to a childs bank account

Posted Fri, 17 Nov 2023 16:52:23 GMT by
Hi there I have a potential situation where I would be working overseas in Switzerland. I would be tax resident in Switzerland but during my time there I would like to continue depositing funds into my children's savings accounts. Would this incur any tax liability? Thanks
HMRC Admin 5 Response
Posted Tue, 21 Nov 2023 10:38:59 GMT by HMRC Admin 5 Response
Hi

No this would not incur any tax liability.

Thank you

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