Cash from abroad - Income tax?

I have an amount of money gifted from an (Italian) family member and sitting in my Italian bank account since late October. I'm planning to send this amount to my UK account to then use it as a deposit for a property to be purchased immediately after. Is this going to generate any taxes I need to account for? Where can I find more information on this case? I am an Italian citizen and resident in England. Thank you

Hi,

If the money in the Italian account generates interest, then this interest is taxable in the UK and should be reported on a Self Assessment Tax Return. The gift itself, is not taxable, even when transferred to the UK.

Thank you.