Skip to main content

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

Posted Fri, 31 May 2024 10:45:15 GMT by Sylvio HARDEL
Hi, I'm a UK resident for tax purposes. However my mother- who are based in France - made me a 20000-euro gift that I will push straight to my Stock and Shares ISA? Do I need to declare that and taxes on interest and dividend?
Posted Wed, 05 Jun 2024 10:04:34 GMT by HMRC Admin 21 Response
Hi Sylvio HARDEL,
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.

You must be signed in to post in this forum.