UK tax experts: Nigel Farage's £5m gift from billionaire Christopher Harborne is probably not taxable
By
Dan Neidle
Summary
Christopher Harborne, a British-Thai billionaire, gave Nigel Farage £5m in 2024. While genuine gifts are typically tax-free, Farage described the payment as a "reward" for campaigning for Brexit, which raises complex tax issues. UK tax specialists analyze the situation and conclude that based on currently available facts, the gift is probably not taxable, though HMRC may investigate the circumstances further.
Source
bskyUK tax experts: Nigel Farage's £5m gift from billionaire Christopher Harborne is probably not taxabletaxpolicy.org.ukKey quotes
· 3 pulledChristopher Harborne, a British-Thai billionaire, gave Nigel Farage £5m in 2024.
Mr Farage has recently described the £5m as a 'reward' for campaigning for Brexit.
on the facts currently available, our conclusion is that the £5m was probably not taxable.
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