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  • RE: Declaration of trust, sole owner property

    Hi ningaraju Please be advised that the information provided on the 14 April 2022 was incorrect. We have deleted the incorrect advice, please find the now corrected answer: "Thank you for your question. As the property wasn't in joint names no Form 17 or evidence is required to be submitted to HMRC. From the date of the transfer you and your wife would reflect the income changes on each of your returns." Thank you.
  • RE: Gift tax for cash gift from overseas

    Hi Ronnie7802, 
    Please note that cash gifts from overseas are non taxable. However, any interest arising when the money is deposited in your girlfriend's bank account must be declared to HMRC.
    Thank you. 
  • RE: Gift tax for cash gift from overseas

    Hi galujulia, 
    Please note that cash gifts from overseas are non-taxable and do not have to be declared.
    You would however have to declare any interest arising when the money is deposited in your bank accout.
    Thank you.