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TaxRobin
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Category: Tax
Satisfied Customers: 27467
Experience:  International tax
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My family gifted me some money to use over as a deposit to

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My family gifted me some money to use over as a deposit to buy a house in london, the money will be coming from brasil, do i have to pay taxes if i transfer this over to uk in my bank account?
Assistant: Have you talked to a tax professional about this?
Customer: Yes no one seem to know the definitive answer for it as the Money is coming from Brazil to Uk and is a gifted money
Assistant: Anything else you want the Accountant to know before I connect you?
Customer: no

Hello and thank you for allowing me to assist you.

No you are not taxed on a gift from abroad. You are not required to declare it as income

You are most welcome

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Customer: replied 7 months ago.
Hi thanks for that, so how i declare that then? So i can just move this money here without problem?

You just move the money with no problem

If asked respond at that time.

You are most welcome

A 5 star positive rating would be appreciated

Customer: replied 7 months ago.
Great thanks.

You are most welcome

A 5 star positive rating would be appreciated

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