Alegria Olmedo
Joined: 1/17/2023
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RE: Cash Gift
Hello, I am a non-citizen UK resident who pays tax on income. I'll receive a cash gift of £30,000 from my parents from overseas and I understand I'll only be taxed if this gift generates interest, which it will not ( I have confirmed with my bank) - so I wanted to confirm if I have to declare this gift to HMRC or pay taxes on it? Thank you.