Gift tax on US shares

I currently live, work and pay taxes in UK. I have recently received about £500k in shares from my dad who lives overseas. Shares are held in the US with a broker based in the US. They were transferred from his brokerage account to mine. Do I have to declare this in the UK? Is there any tax I need to pay for receiving this gift?

Hi,

There would be no tax implication on the receipt of the gift of shares from your father, however, you would have a Capital Gains Tax liability, should you sell the shares at a later date.

Thank you.