Hi,
What are the tax implications of receiving money from a relative abroad. Since the person giving the gift is abroad, and outside of the tax jurisdiction of HMRC, what are the implications for the person receiving the gift? The giftor has not died yet and but may well have had to pay some tax on the gift anyway (I don't this and need to check).
There are so many factors involved (inheritance tax thresholds etc) that I'm not sure where to start.
Any advice much appreciated.