Thank you for your question.
You don't have to declare this money on your self assessment tax return as this is not income and it is not taxable.
Any amount you receive as a gift is non taxable and you don't have to declare it on your tax return. There is no maximum limit on gifts.
I hope this is helpful and answers your question.
If you have any other questions, please ask me before you rate my service – I’ll be happy to respond.
Thank you for your reply.
NO loan repayments are to be shown in self assessment tax returns whether you are repaying the loan or the loan is being repaid to you.
Loans are not income and therefore are out of scope of income tax.
If there are no more issues, I will appreciate if you would kindly rate my service/accept the service I have provided before you leave the site, to ensure I get credited for it by Just Answer.
I thank you for accepting my answer.
Your reward of a generous bonus is greatly appreciated.