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HM Accountax Ltd
HM Accountax Ltd, Chartered Certified Accountant
Category: Tax
Satisfied Customers: 135
Experience:  I am an accountancy professional with more than10 years hand on experience in audit, accountancy and tax affairs.
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My parents offered to gift me £10k. Would I need to pay any

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My parents offered to gift me £10k. Would I need to pay any UK taxes on this?

Hi,

I am an advisor at just Answer and more than happy to help you.

Could you please kindly provide more details like if parents are in UK or abroad?

Regards

Muhammad

Customer: replied 5 days ago.
they live abroad.

If it is a gift then no tax implications.

HM Accountax Ltd and other Tax Specialists are ready to help you