H Lim

Hi, The company my mother (non-resident) had invested in has recently gone through some changes and their funds got liquidated and sent to the US treasury in this process. The treasury is trying to return this money (about 250k USD) to my mother but she wants to gift this to me (UK resident) instead. 1. If the US treasury transfers this money directly to my UK bank account, is it still considered a gift or would I be taxed? 2. Would I need to provide any documents to receive this money? Many thanks!

Hi, My mother (never lived in the UK) had funds in the US that were liquidated and sent to the state of Wyoming to claim. But she wants to gift this money to me (tax paying UK resident). In this case, if I receive the money from the Treasury of Wyoming via wire transfer, would I be taxed? Also, what forms and documents do I need to submit for this? Many thanks, H