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I am jobless at the moment and my mortgage fix term is going to end soon. I am trying to get some help from my friend in India.
I have below queries;
1) If I receive £100,000 in my bank account from India as a gift to repay my mortgage. Do I need to pay any tax on the amount!
2) If I try to get a loan of £100,000 from India then would there be any tax implications!
Also, please could you confirm whether I need to report that money to HMRC.