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Joined: 3/8/2023
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Cash Gift From Abroad
Hi, My father would like to send me a cash gift of approximately £250000 in euros from abroad, which I would like to use to purchase a property in the near future. - Does this fall under the 7 year rule? - Can I keep it on my debit account (will it count as income), or I need to move it to a different account? - Do I need to have any relevant paperwork to prove it was a gift (to present if needed)? Thank you in advance, Kind regards.