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  • RE: Gift tax for cash gift from overseas

    Myself and my wife are UK citizens (hold UK Passport We both live in Zimbabwe (Zimbabwe Residents). We are NOT UK residents. We have a bank account in Isle of Man and a Halifax bank account internal of UK We have a 23 year old daughter living and working in the UK We want to gift her Money from either or both of our above mentioned accounts. What is the annual maximum transfer of funds we can gift to her given the above information ?