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Receiving monetary gifts from outwith the UK
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supersalsantos
Posts: 2 Newbie
My Spanish mother-in-law wants to gift my wife and I approximately £15-20k.
Can I expect to be taxed on this?
Can I expect to be taxed on this?
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Comments
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No, there will be no tax.0
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But your MIL may be taxed, depending on the Spanish tax rules.No free lunch, and no free laptop
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And you may need to explain to your bank where the money came from or they will think you are money laundering ...Signature removed for peace of mind0
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And a gift of that size will affect any means tested benefits.0
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Thanks to everyone that replied.0
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