HMRC Admin 20 Response

Hi Fbizzotto,

There are no income tax implications on the receipt of a cash gift unless the income generates interest or dividends.
These would then potentially be subject to tax, further guidance can be found here:
Tax on savings interest
and
Tax on dividends

Thank you.
 

Hi SHAYNS,

If you contact our helpline we can issue a copy of the correspondence we received regarding the claim
Income Tax: general enquiries

Thank you.