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Gifting money overseas

Ridgewood7
Ridgewood7 Posts: 1 Newbie
in Cutting tax
My UK based mother in law has three grown up children, each with children of their own.  Two live in the UK while the third lives in USA with their family.  Are there any different tax and inheritence implications for her gifting money overseas?

Comments

  • p00hsticks
    p00hsticks Posts: 13,690 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Not for her , no. 
    Whether there is a difference for the person in the USA receiving the gift would depend on any American laws regarding tax on received gifts (sorry, I've no idea what - if any - there are)
  • oldbikebloke
    oldbikebloke Posts: 1,096 Forumite
    1,000 Posts Name Dropper
    edited 6 March 2020 at 9:52PM
    This is a UK forum, doubtless there are USA websites better able to advise you....consider using google so you can find them and read up on USA tax law ...
This discussion has been closed.
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