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Posted Fri, 17 Mar 2023 13:51:23 GMT by parry pandian
Hi HMRC, My father in law wants to gift me some money from India. Do I need to pay tax on this in UK? Thanks
Posted Mon, 20 Mar 2023 14:34:49 GMT by HMRC Admin 17

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.

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