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  • RE: Money transfer

    Good morning. My father who has a savings account in one UK bank is planning on transfering money to my account in another UK bank, and neither of these accounts are joint accounts (I am not in his accound and he is not in mine). Will he or myself have to pay any taxes on that transfer? If so, is there a limit in the money transfered above which I will get taxed? Thanks for your help in advance.