no, it's not

UK doesn't have a gift tax. If the donor croaks within 7 years then you'll have to pay IHT on it, probably.

Worth considering if its a large sum and/or the donor is getting on a bit/likely to die any time soon.

This assumes you/donor isnt a citizen of some daft country that has a worldwide gift tax. Like, say, America.

I'd also advise against taking gifts from shady Nigerians.

Posted By: CWC, Oct 9, 19:31:14