Laura
Joined: 8/15/2024
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RE: Transferring personal money to UK
Hi, I am in a similar situation to some of the posts above. I am buying a house, my dad would like to send me about 45k as a gift to support me with my first home purchase. The money will come from his savings account in the US. Do I need to report this somewhere? Do I have to pay any taxes? I also have about 12k in Spain in a savings account. If I want to send it to my English account is it ok? Do I have to take anything into account tax wise? This was in a savings account with no gains. Thank you. Laura