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gifts from overseas are they taxable?
crisp
Posts: 435 Forumite
in Cutting tax
If someone overseas gifts me £25,000 (on income already taxed), is this taxable again? thanks
0
Comments
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Not if it is a genuine gift, but your bank may want to verify the source to comply with money laundering regs. If the donor is UK tax payer and theydie within 7 years those rules will apply."A nation's greatness is measured by how it treats its weakest members." ~ Mahatma Gandhi
Ride hard or stay home :iloveyou:0
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