Skip to main content

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

  • Cash gift from overseas - guidance please

    I am expecting a cash gift from my mother in New Zealand of £30,000. Am I correct in assuming I don’t need to declare this BUT that I am liable for any interest that the money accrues? Does it also mean that if I pay off a car loan or mortgage with that cash gift then I have to pay any interest on the “benefit” that the gift has given? Not sure how that would be calculated? Thank you for the help and guidance