Gifts from family overseas - taxable?

pink_numbers

I was wondering if you could help me. If you receive regular money from your parents (out of their wage, which is taxed at their own country) from outside the EU, as gifts, is it taxable? What tax category does it come under?

thank you

noh

Gifts are not taxable.

pink_numbers

Thank you noh for such a quick reply You put my mind at rest on a day where you can't get hold of any accountant! I have to see one anyway, but it's good to have a piece of mind that it won't be taxable.

Cook_County

But of course the gifts may be taxable or reportable in the other country.