HMRC Admin 25 Response

Hi Stephen G,

Yes they are the overseas part of the year.

Thank you. 

 

Hi Jan,

There are no income tax implications on the receipt of a cash gift, unless the cash gift generates interest or dividends.

These would then potentially be subject to tax.  

Further guidance can be found here:

Tax on savings interest

Tax on dividends

There are no tax implications of transfering money from a foreign bank to a UK bank, provided the money being transferred, is capital and not income arising in the tax

year it is transferred.

Thank you. 

Hi Laura G Smith, 

There are no income tax implications on the receipt of a cash gift unless the income generates interest or dividends.

These would then potentially be subject to tax.

Further guidance can be found here:

Tax on savings interest

Tax on dividends

Thank you,