forummember

I am interested in any UK tax implications of gifts between siblings in two directions. Specifically, consider the following scenario. Person A, a UK resident, makes a substantial cash gift to their sibling, person B, living overseas. The gift is made in good faith, without any expectations for it to be repaid. 10 years later, person B makes a cash gift back to person A (who is still alive), of a value exceeding the original gift from person A. Again, the gift is made in good faith. I am wondering if this will indeed be seen as two independent gifts by HMRC and be free of UK tax, or whether any (CGT-like or other) UK tax might arise on the difference between the gift amounts, or on anything else. Thank you!