HMRCCM
Joined: 9/9/2024
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Receiving cash gift from overseas
Hello, I am a tax-paying UK resident, non citizen, non domiciled. My parents who live in Hong Kong intend to gift me around £50,000. I understand that there is no Income tax implications of cash gifts from overseas. My question is - Is it a must for my parents to send money directly from their Hong Kong accounts to my UK account, or they can send money to my Hong Kong account and then I transfer it from my Hong Kong account to my UK account? Thank you.