Tiago Garcao
Joined: 3/22/2023
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RE: Cash gift from parents outside UK
Dear all, I understand from the answers in this thread that money sent from parents is not subject to tax. It may be, however, if the money returns interest from the bank. What if the bank doesn't return any interest whatsoever (the money is just sitting in normal bank account with no interest)? Also, what if I decide to transfer this money to an S&S ISA account?