Transferring money to the UK - is HMRC entitled

BrendanMG

I've recently been gifted €30,000 - €10k from my mother who is still alive and €20k from my brother, which came from the sale of a house he inherited from our aunt. He divided the proceeds of the sale between all us siblings. I'm Irish but live in the UK and want to transfer the 30k Euro to my UK bank account now that the exchange rate is favourable. All of the money is coming from Ireland. Will HMRC want a slice of the pie, and if so, how much are they likely to want? I pay tax in the UK but not in Ireland as I don't work there. 

Thanks in advance for all replies. 

wmb194

No, it won't want anything. Gifts aren't directly taxed. The only issue around them relates to inheritance tax and whether the giftor/gifters die within seven years it may, less any exemptions, still form part of their estate. If your mother and brother are domiciled abroad this wom't be an issue with HMRC either, though.

Albermarle

The bank may ask some questions about the source of the money , under money laundering rules. 

xylophone

The RoI appears to have a form of gift tax.
https://www.revenue.ie/en/gains-gifts-and-inheritance/gift-and-inheritance-tax-cat/index.aspx