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  • RE: Gift tax for cash gift from overseas

    My friend wants to give me a loan of £100000 from Dubai to help me to buy a house in UK. He will transfer this amount to me in my uk bank account . Will there be any tax on this amount and if I have to report this to HMRC ?
  • RE: Gift tax for cash gift from overseas

    Hi I am resident in UK and on skilled worker visa. My sister wants to gift me £100000 in India and I will get this money transferred to my Uk bank account . Pl confirm if there is any income tax on this or do I have to report this to anyone ? Also confirm if there is any limit in getting money transferred to my uk bank account ? Also my friend wants to gift me £100000 from Dubai to help me to buy a house in UK. He will transfer this amount to me in my uk bank account . Will there be any tax on this amount and if I have to report this to HMRC ?
  • RE: Gift tax for cash gift from overseas

    Hi I am resident in UK and on skilled worker visa. My sister wants to gift me £100000 in India and I will get this money transferred to my Uk bank account . Pl confirm if there is any income tax on this or do I have to report this to anyone ? Also my friend wants to gift me £100000 from Dubai to help me to buy a house in UK. He will transfer this amount to me in my uk bank account . Will there be any tax on this amount and if I have to report this to HMRC ?