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gift taxation

okulah
Posted Wed, 14 Dec 2022 22:56:32 GMT by okulah
Hi, I am a non-domiciled tax resident in the UK and I want to gift GBP 10000 to my friend in Greece. Should I and/or my friend pay tax in the UK for this gift?
HMRC Admin 32
Posted Tue, 20 Dec 2022 10:40:06 GMT by HMRC Admin 32
Hi,

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 can be found here:

Tax on savings interest

Tax on dividends 

Thank you.

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