Prasanna
Joined: 8/10/2024
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RE: Gift tax for cash gift from overseas
Dear HMRC, My parents from Switzerland are planning to send me a cash gift of £250000 to help me buy my first property. The cash would be transferred from their Swiss bank account to my UK bank account. The source of this income is from their salary. What are the tax implications of this? If any? Many thanks, Prasanna
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