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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.

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.

User avatar
CULLINAN
Diamond Member
Posts: 3239
Joined: Wed Sep 13, 2017 9:51 pm
Location: London
Mood:
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.
Love for All, Hatred for None.

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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