thanks your last .
My french parents who are retired/living in france want to send me E30000 in UK towards deposit purchase of BTL property . Since i am not UK resident 1- can they send same to our joint UK account 2-will it be free of tax in uk (gift authorised by french authority which means i will have the proper paperwork from france in case needed)
Once deposit received in our joint acount my wife will apply for mortgage under her name only since mortgage company will not accept non resident uk in the mortgage application .regards
2-what will happen if my parents pass away after 7 years since this gift will already been registered with french tax authorities for iht purposes.cannot be tax twice ???
2-cheque will come from their bank in france .
the cheque number will be registered with french tax authority
as gift to myself and same deposited into my joint account in uk.
Please advise status regarding transfer of those E30000 into a joint account in uk (wife/myself).The cheque will be issued in favor of myself and deposted into out joint account towards purchase of btl poperty.When i left UK i close my personal bank account but kept the joint account since receiving rentals from other btl . My question :1)would HMRC anycase view the 30000E as 15000E (wife) and E15000(gpd non resident. ) also gift to myself only(non resident)and tax my wife share at 40pcnt .?????(her tax bracket in uk) .2)could my wife us this deposit to get a mortgage under her sole name .If any queries please let me know.regards
Thanks your reply .
Left uk January 2004 to work abroad.
My home /family is based in uk.
If I loose my job abroad , can I come back to Uk to my home
and become uk resident again..
As advised previously I have French passport.