neiders49
Joined: 1/15/2025
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Sending Cash Gift Abroad
If a UK resident sends a cash gift abroad (USA) of approximately 50,000, what tax implications will be incurred? The funds are from an inheritance gifted to the person in the UK, and will be redistributed to the resident in the US. If there are any tax implications, are there exemptions such as paying educational funds (ie. student loans), etc?