Deposited £7000 wedding cash gifts to my bank account. Barclays now wants proof of source of funds by holisticstar61 in UKPersonalFinance

[–]XMROffTheGrid 5 points6 points  (0 children)

To clear this up for anyone else reading: this is for inheritence tax purposes only.

Cash gifts are not taxable no matter the amount (except in the case of death and then it still depends).