Is a transfer of 100k within the UK from a friend taxable?

jennifernil

James_B. wrote: »

I will be stunned if it does not launch a laundering investigation. Money being transferred from a country with major terrorism issues, routed through a third party, with a date mismatch to confuse the investigation...

I'd does not just look like money laundering, is is money laundering. It is even being done expressly to avoid the problems of going direct.

But there would be no money being transferred between UK and Iraq, the whole point of the plan is to avoid this.

govigta

James_B. wrote: »

I will be stunned if it does not launch a laundering investigation. Money being transferred from a country with major terrorism issues, routed through a third party, with a date mismatch to confuse the investigation...

I'd does not just look like money laundering, is is money laundering. It is even being done expressly to avoid the problems of going direct.

Money laundering is concealing the origins of money - usually obtained illegally. This is my father's sister, who has no children, wanting to give me some of her inheritance, as a gift. Two different things. This WILL NOT be transferred from Iraq, and even if it does that happens all the time. I am of part Iraqi descent, and the banks over there have no terrorism issues.

govigta

jennifernil wrote: »

But there would be no money being transferred between UK and Iraq, the whole point of the plan is to avoid this.

The point of this isn't JUST to avoid it--the MAIN reason is because of the backwards banking system, I am only permitted to transfer 10k PER MONTH - that means it will take a very long time. This applies to anyone with an account, not just me or my aunt. If I were allowed to transfer 100k from Iraq tomorrow then I would do it. It's a gift from my aunt, like an inheritance to help me out. However, with the 10k limit it will take me over a year.