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Cash gift from overseas friend?

Posted Wed, 15 Nov 2023 15:18:55 GMT by
I am a self-employed tax-paying UK resident, but I am a non-citizen (Canadian). A friend (non-family) from the USA is considering giving me a cash gift. Would this be taxable? Would it be considered part of my income on my self assessment? I have seen other similar questions, but they normally involve family and not friends, so I thought I would ask again.
HMRC Admin 25 Response
Posted Fri, 17 Nov 2023 11:49:38 GMT by HMRC Admin 25 Response
Hi clc3101,
No, cash gifts are not taxable income.
Thank you. 

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