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Posted Wed, 11 May 2022 12:41:04 GMT by Januzza80 Lori
Hello, my parents, who live in EU are thinking to send me a one off sum of money to help with cost of living. Is there a limit on how much they can send and do I need to report this gift to HMRC as an income and as a consequence would it affect my tax credits? Thank you
Posted Tue, 17 May 2022 08:27:48 GMT by HMRC Admin 2
Hi,

You can find guidance on what counts as income here:

How to claim tax credits

Thank you.
 

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