Oldtim
Joined: 3/22/2023
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RE: Cash gift from parents outside UK
My relative in China would like to transfer money from their China bank account to my China bank account every month for value equal to £10000 to support my family’s life in UK. My questions are : 1. Does it need to declare and pay tax? 2. Do I need to show supporting of our relationship? 3. Can I transfer the money from my China bank account to my UK bank account? 4. Does my relative need to provide any supporting of the source of money in their bank account? 5. Is it any limit amount of money my relative can send me?