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Ash
Ash, Solicitor
Category: Law
Satisfied Customers: 10916
Experience:  Solicitor with 5+ years experience
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I recieve £2886 into my UK bank from a Saudi Arabia bank as

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I recieve £2886 into my UK bank from a Saudi Arabia bank as Gift every month from the Royal Family,what is the UK tax situation with this ?Thank you.
Alex Watts :

Hello my name is ***** ***** I will help you with this.

Alex Watts :

You can receive £3,000 a year tax free.

Alex Watts :

Over that it would be considered as income. That means you would need to pay tax in the usual way

Alex Watts :

You can see the tax rates at:

Alex Watts :

https://www.gov.uk/government/publications/rates-and-allowances-income-tax/rates-and-allowances-income-tax

Alex Watts :

I am sorry if this is not necessarily the answer you want and certainly not the one I want to give you, but I have a duty to be honest

Alex Watts :

Can I clarify anything for you about this today please?

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