Huss Daw
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Cash gifts from overseas being deposited in to personal bank account - Tax implication
My relatives oversea are pooling money together to send me a cash gift for my wedding in May. I plan to have this paid in to my personal bank account. I wanted to know if there are any tax implications on this or any thresholds I should be made aware. I also wanted to know if this needs to be declared to HMRC or any paperwork needs to be filled out if is a gift. The uncle sending this lives overseas and is not a UK citizen, nor does he live or work in the UK.