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  • RE: Gift tax for cash gift from overseas

    Hello, I have received 25,000 GBP from as a gift from a family friend's UK account in 2019 (Cypriot living in the UK until recently) that was derived from my father selling some of his propertly in Cyprus, I am now about to buy a flat in the UK (2022) and not sure how to declare it. It is definitely a gift and can provide proof of sale in Cyprus. Will it also be taxed? I am a UK resident (pre-settled status) but a non-citizen. Thank you,
  • RE: Money transfer

    Hello, I have received 25,000 GBP from as a gift from a family friend's UK account in 2019 (Cypriot living in the UK until recently) that was derived from my father selling some of his propertly in Cyprus, I am now about to buy a flat in the UK (2022) and not sure how to declare it. It is definitely a gift and can provide proof of sale in Cyprus. Will it also be taxed? I am a UK resident (pre-settled status) but a non-citizen. Thank you,