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  • RE: Gift tax for cash gift from overseas

    Good morning, I am paying taxes in the UK and do have double citizenship (Spanish and British). My parents are planning to donate to my Spanish account £180,000. Then I will be transferring them from my Spanish account to my British Barclays account. 1) Do I need to pay taxes for the donation in the UK? 2) Do I need to pay taxes for transferring money from my Spanish account to my British account? Thank you so much for your help. Have a good day.