Kevin O Donoghue
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RE: Gift money and tax
Hi , My Parents are retired and live in the Republic of Ireland , they have recently sold thier primary home and wish to give a large protected gift of 200,000 pounds each to me , living in Bath and My Sister living in Leeds. The intent of these gifts is to be deposits for a property each in the UK where we both work and are tax resident. Are there any tax implations of a gift of this sum or a gift of this sum being used to aquire property in the UK