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Money received from my friend aboard as a gift

Sophia Ma
Posted Wed, 04 Oct 2023 11:56:13 GMT by Sophia Ma
Hi HRMC, I am a BNO holder who lives in UK for over 2 years and also got a job in UK. My friend from Hong Kong want to transfer £100 for me as a gift, Do I need to pay tax on this in UK? And How do I know if only £100 can be generate interest or not? How do I prove that this is a gift when I apply for ILR and apply to become a BC? Thanks a lot.
HMRC Admin 32 Response
Posted Tue, 10 Oct 2023 09:47:09 GMT by HMRC Admin 32 Response
Hi,

No. This cash gift is not subject to UK Tax. In general, HMRC will accept your statement, that the money is a cash gift.

Thank you.

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