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Gift money in Bank statements

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vibe123
Newbie
Posts: 42
Joined: Sun Dec 02, 2018 12:09 am
India

Gift money in Bank statements

Post by vibe123 » Thu Jan 24, 2019 9:53 am

Hi Guys,
I applied for my ILR from Tier 2 (SET 0) on 23rd Dec, 2018 and Biometrics on 27th Dec using super priority service and no update till today.
My question was : My uncle sent me 930 pounds as gift money from oversees on 15th December,2018 and then 350 pounds on 5th January,2019. This is the same bank account I get my salary paid in. Just wondering if I have to declare this money to HMRC and pay taxes ?
Thanks in advance for your help.
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momozz
Newbie
Posts: 30
Joined: Thu Dec 27, 2018 2:49 pm
China

Re: Gift money in Bank statements

Post by momozz » Thu Jan 24, 2019 10:12 am

vibe123 wrote: ↑
Thu Jan 24, 2019 9:53 am
 Hi Guys,
I applied for my ILR from Tier 2 (SET 0) on 23rd Dec, 2018 and Biometrics on 27th Dec using super priority service and no update till today.
My question was : My uncle sent me 930 pounds as gift money from oversees on 15th December,2018 and then 350 pounds on 5th January,2019. This is the same bank account I get my salary paid in. Just wondering if I have to declare this money to HMRC and pay taxes ?
Thanks in advance for your help.
I think you are fine. You dont need to pay taxes for Gifted money anyway.
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User avatar
CULLINAN
Respected Guru
Posts: 11124
Joined: Wed Sep 13, 2017 9:51 pm
Pakistan

Re: Gift money in Bank statements

Post by CULLINAN » Thu Jan 24, 2019 10:53 am

vibe123 wrote: ↑
Thu Jan 24, 2019 9:53 am
 Hi Guys,
I applied for my ILR from Tier 2 (SET 0) on 23rd Dec, 2018 and Biometrics on 27th Dec using super priority service and no update till today.
My question was : My uncle sent me 930 pounds as gift money from oversees on 15th December,2018 and then 350 pounds on 5th January,2019. This is the same bank account I get my salary paid in. Just wondering if I have to declare this money to HMRC and pay taxes ?
Thanks in advance for your help.
Relax, your fine.
Personal opinion only, not to be mistaken for legal advice. Please DO NOT PM me for immigration advice. Love for All, Hatred for None.
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vibe123
Newbie
Posts: 42
Joined: Sun Dec 02, 2018 12:09 am
India

Re: Gift money in Bank statements

Post by vibe123 » Thu Jan 24, 2019 11:09 am

Many thanks.
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