Tax on money received from parent

Hi, I’m an Indian national currently studying in the UK on a student visa. My parents (Indian nationals) want to transfer money (£400,000 approx) to me to buy a house in the UK through a UK based bank account. Will this amount be taxed for me or them? Are there any more taxes that I will be liable to pay after receiving the money/buying the property?

Hi,
There are no Income Tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends. These would then potentially be subject to tax. Further guidance can be found here:
Tax on savings interest
Tax on dividends
Thank you.