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Online transfer to parents 100K

Answer
ash000 Archit123$
Posted Sun, 01 Sep 2024 08:22:58 GMT by ash000 Archit123$
What are the tax implications in the UK for transfering 100K to parents in India [ india to india bank account as i need to help ] same for my father in law [ wife father ] .
Answer
HMRC Admin 10 Response
Posted Wed, 11 Sep 2024 11:13:00 GMT by HMRC Admin 10 Response
Hi
There is no UK tax implication on the cash gift, you may however want to check the tax laws of India.

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