Ben Lord
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RE: Gift tax for cash gift from overseas
Hi there, an overseas company that I used to contract for has been sold and I was recently contacted by the founders to inform me that a portion of the sale will be gifted to everyone who's been involved with the company as a token of appreciation. My limited company (through which I used to contract) was wound up years ago and the cash gift is being gifted to me personally. Is there any tax to pay on this gift? Many thanks.