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TaxRobin
TaxRobin, Tax Consultant
Category: Tax
Satisfied Customers: 20617
Experience:  International tax
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I am a UK resident, my parents are non-dom (they live in the

Customer Question

Hi, I am a UK resident, my parents are non-dom (they live in the UAE).... they want to gift me some money (50,000 pounds) - are their any tax implications of this? I think no but want to check
JA: Have you talked to a tax professional about this?
Customer: no - I was hoping to speak to one now
JA: Anything else you want the Accountant to know before I connect you?
Customer: no
Submitted: 6 days ago.
Category: Tax
Expert:  TaxRobin replied 6 days ago.

Hello and thank you for allowing me to assist you.

Expert:  TaxRobin replied 6 days ago.

You don’t have to pay income tax on gifts (though you may have to pay income tax on any interest your gift earns). If your parents are not subject to UK inheritance tax you do not need to be concerned about that.

Expert:  TaxRobin replied 2 days ago.

Please let me know what other information you need OR

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