Tax on gifts from overseas parents

Hi - my overseas parents (non UK residents) are planning to gift me some cash to asist me with a house deposit. I understand that this is not taxable if it comes from a bank account. to a bank account. This cash is going to come out of the proceeds of the sale of a property that my parents own. The buyer of this property is however based in the UK, will I still be exempt from tax if this gift (from my parents) comes from the buyer of this property (from their bank account) into my bank account? thanks

Hi shawides,
There are no income tax implications on the receipt of a cash gift, whether arising in the UK or from overseas, 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 and Tax on dividends).
Thank you.