Are there any tax implications for receiving a large sum of money from abroad?
I am a UK resident but have family in India. They plan to send me approximately £50,000 to help me clear my mortgage in the UK. The source of the income is sale of land/property in India. They plan to transfer the money through the banking system. Would there be any tax issues or questions raised by the authorities in the UK?
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5 Answers
19 August 2013