Hi I have a similar situation, I am being made redundant and this will potentially push be over 100k for this tax year. Do I need take the redundancy into account when calculating if I'm under 100k or is it included? And when do i need to declare this, straight away or in the next assessment period? thanks!
I'm an English citizen and my husband is a Polish citizen with settled status, both living in the UK.
My husbands mother would like to send us £40,000 as a gift, from Poland.
Please can you let me know what taxes need to be paid? And if/how it needs to be declared
We are hoping to pay of my student loan and some of our mortgage with the money.