fbpx

Search the ETC Tax Website

Request a callback

Callback Request

Please provide as much detail as possible in regards to the reason for your enquiry so our tax advisers can prepare and tailor their response to reflect your needs. We will endeavour to call you back to discuss your enquiry and you will not be charged for this time.

  • This field is for validation purposes and should be left unchanged.
  • Sign-up to our newsletter

    Newsletter Main Form

  • This field is for validation purposes and should be left unchanged.
  • Request a callback

    Contact Form


    Please provide as much detail as possible in regards to the reason for your enquiry so our tax advisers can prepare and tailor their response to reflect your needs. We will endeavour to - respond / call you back - to discuss your enquiry and you will not be charged for this time.

  • This field is for validation purposes and should be left unchanged.
  • Cash gift from non UK resident – Q&A

    5 August 2019

    Andy Wood

    Cash gift from non UK resident – Q&A

    Q. I have received a Cash gift from a non UK resident. How am I taxed?

    A. As with nearly all tax questions, it ultimately depends on the facts.

    Your tax position

    All things being equal, it is unlikely that you will have any tax implications. The UK will view the gift as a transfer of capital and, for the time being any way, the UK does not tax receipts of capital.

    For instance, the receipt is not subject to income tax or capital gains tax in your hands.

    The only exception might be where the donor’s estate was within the scope of UK IHT and he or she failed to survive the gift by 7 years. If this gift became chargeable to IHT then a liability might fall on you, the transferee.

    In respect of the donor, from a UK perspective, a gift of cash (or any other asset other than certain UK assets, for example, UK real estate) will NOT create a CGT liability.

    Donor’s tax position

    This assumes he or she is non-UK domiciled as well as non-UK resident.

    The donor might have to consider UK IHT if the cash he has gifted is within a UK bank account. However, this will be relevant if he survives the gift by 7 years in any event.

    If the cash is in a UK bank account then the donor would also have the benefit of the nil rate band for IHT purposes in any event.

    However, the UK tax system is complex, and we would recommend that you obtain formal and specific tax advice. Further, one should also consider any tax implications in the country that the donor is resident.

    If you have any queries about a cash gift from a non UK resident or regarding tax matters at all, then please do not hesitate to get in touch.

    Cash gift from a non UK resident was last updated on 5 August 2019

    Get in touch with us today

    Call or email us any time or, simply fill out the contact form below and a member of our team will be in touch.

    Contact Form


    Please provide as much detail as possible in regards to the reason for your enquiry so our tax advisers can prepare and tailor their response to reflect your needs. We will endeavour to - respond / call you back - to discuss your enquiry and you will not be charged for this time.

  • This field is for validation purposes and should be left unchanged.