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Hoots : Gift from my Dad My dad lives in India and is an Indian citizen. I am a UK citizen. My dad would like to give me and my wife a gift of around £8K each. Would I have to pay tax on this in the UK? My dad has already paid taxes - freshhoot.com

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Gift from my Dad
My dad lives in India and is an Indian citizen. I am a UK citizen. My dad would like to give me and my wife a gift of around £8K each. Would I have to pay tax on this in the UK? My dad has already paid taxes on this amount. Also, is there a limit to the amount he can give us as gift?


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