Money Received from Father In Law.

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fresher
195 Points Posted on 12 November 2021

Dear All,

How much can i receive money from my father in law under income tax law.

Is there any tax on amount which received from my father In law.

 

Please suggest.

 

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On 12 November 2021 at 15:58 Report
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Quick Summary
This discussion explores the UK income tax implications of receiving money from a father-in-law. It queries whether such gifts are taxable and what documentary evidence might be required to prove the source of funds in case of future inquiries from HMRC.

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Chartered Accountant
24588 Points Posted on 12 November 2021
Not taxable
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On 12 November 2021 at 16:37
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fresher
195 Points Posted on 23 January 2023
Is there any documentary proof to be shown if I get any notice in future
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On 23 January 2023 at 10:40

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