H Lim
Joined: 12/24/2024
-
Gift but the sender is US treasury
WarningThis post is currently being moderated and will be visible when it has been approved by a HMRC moderator. -
Tax on Gift
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