Cash Gift from Non-Domicile and Tax Implications

Hi, I am a UK resident and domiciled for UK tax purposes. My parents, currently residing in Hong Kong but are non-domiciled for UK tax purposes, are planning to gift me with approx. £50k from a Hong Kong (non-UK) bank account in order to assist with the purchase of a property. May I confirm whether this gift: 1) Is out of scope for Inheritance Tax for my parents, given the cash gift would be given by a non-domiciled person and from a non-UK bank account; 2) Is out of scope for Capital Gains Tax for me, unless I use the gift to generate income chargeable to CGT (eg. generating interest income in a bank account); 3) Is in scope for any other types of taxation? Appreciate your time and advice. Kind regards, 

Name removed admin 

Hi Edmond Lo,
1. It is not liable to UK inheritance tax but you may wish to check the laws of Hong Kong.
2. That is correct.
3. There is no tax consequence of the cash gift but any interest or dividends that this then generates is liable to income tax.
Thank you.