Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Mon, 04 Dec 2023 13:37:25 GMT by Peter Kennedy
Hi. My elderly father has decided to give his children, me included, a gift of £10k each. Do I have to include this in my next tax return? If so, as my brother and sister are both on PAYE - will they also have to declare the gift? TIA
Posted Wed, 06 Dec 2023 15:34:50 GMT by HMRC Admin 19

No, you do not declare this as there is no Income Tax on cash gifts.

Thank you.

You must be signed in to post in this forum.