Skip to main content

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

  • RE: Gift tax for cash gift from overseas

    Good evening, My partner and I are both UK tax paying citizens and we are looking to purchase a home in the UK. My parents live in Jersey, Channel Islands and would like to gift us £250,000 to help us with a deposit. The source of funds can be verified and tracked with the bank. Do I have to declare this, do I get taxed for it, are there any other implications?