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askingforafriend

askingforafriend

Joined: 6/24/2024

  • Is it taxable?

    Wed, 26 Jun 2024 03:45:43 GMT – Is it taxable?
    I am a UK citizen living abroad (Non UK resident). If I decide to give my best friend (UK resident) monthly allowance from my UK bank account in order to help her with living expenses, does she have to pay any tax on it? What are the limits for this kind of payment?

  • RE: Gift money and tax

    Mon, 24 Jun 2024 21:47:37 GMT – Gift money and tax
    I am a UK citizen living abroad. If I decide to give my best friend (UK resident) monthly allowance to help her with living expenses, does she have to pay any tax on it? What are the limits for this kind of payment?