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Questions re money gift from abroad

3 replies

TR888 · 04/12/2022 23:04

My dad is giving me a gift of approx 7,000 euros after selling some family property. What's the best way of sending it to the U.K.? Do I have to pay taxes and if so, how does it work?

Thanks

OP posts:
ChristmasJoysuckers · 04/12/2022 23:09

F

Eastereggs1 · 04/12/2022 23:22

No UK tax for you to pay on receipt of gift. Your dads position will depend on where he is resident and domiciled for tax.

TR888 · 05/12/2022 06:53

Thanks, Eastereggs1. My dad lives in a EU country and boats no tax in the U.K. Will he has to pay anything additional when sending me the money, or can he simply do a transference and forget about it?

Thanks!

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