Tax on Money Gifts

MARIAN

My daughter works in a Residential Care Home, and occasionally a resident or their family will give money to the staff for Christmas etc. This is put into the Staff Fund, held by the Home Owner, and has always been equally divided between the staff at Christmas. It doesn't usually amount to much, maybe £50 each. My question is this - does this money need to be declared for tax by either the staff or Care home owner? It isn't intended as wages, just a Christmas gift to the staff.

nannytone_2

wouldnt have thought so, as it isnt income.

if you gave her a gift of £50 would you expect her to declare it?

i dont see this gift as any different

princessdon

Ideally yes like tips etc. reality it's not worth it

raq

no i would enjoy and keep it. Just like selling on ebay. Do they tell the tax man..

ENJOY

lighting_up_the_chalice

The honest answer is yes, it does need to be declared. However, the sum concerned is so modest that it would be impractical to do so and highly unlikely to attract the attentions of HMRC.