Magdalena Szybka
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RE: Gift money transfer from Polish to British bank account
Thanks! If my father dies within 7 years of that gift, would I have to pay inheritance tax? -
Gift money transfer from Polish to British bank account
Hello! I am a UK tax resident. I come from Poland and I have an account in a Polish bank. My father who is a tax resident in Poland would like to send some money into my Polish bank account as a gift. If I then send the money I received from my father from my Polish bank account into my British bank account, would I need to declare this transaction to HMRC and pay tax? Thank you for your help!