Jasbir

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25 Points Posted on 03 August 2021
can I take some amount as gift from my Wife and it's tax-free, for me if amount comes from insurance company as surrender
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On 03 August 2021 at 12:55 Report
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Quick Summary
In the UK, gifts exchanged between spouses, including from a wife to her husband, are generally tax-free. This applies to various forms of gifts, including amounts received from an insurance company as a surrender payment. Therefore, you can receive funds from your wife without incurring personal tax liability.

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CMA
13117 Points Posted on 03 August 2021

Yes, gift from wife is not taxable in the hands of husband

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On 03 August 2021 at 13:13
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Chief Accountant
3150 Points Posted on 04 August 2021
Yes, you can..
Gift from wife to husband and husband to wife is tax free..
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On 04 August 2021 at 00:43

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