[guylaroche]

Dear All,

Next year I will receive 20,000 euro from my brother in Europe as a gift. The money will be wired into my bank account. Am I supposed to report the money as income and is there a tax free portion?

Any replies are greatly appreciated.

guylaroche

[Boris]

Its not income . Its a gift and I expect you can show it as such.

All income ( if thats what you want to call it ) derived from outside HK is NOT taxable.

[KnowItAll]

Yeah, no gift tax in HK. However, there might be implications in your home country (specially if it is the US..)..

[guylaroche]

Thanks guys =]