Transfering personal funds from abroad to the UK

Hello there. My father-in-law recently sold his property abroad. He has decided to gift this sum to me, which will be deposited into my foreign bank account. My intention is to transfer these funds from my foreign account to my account here in the UK, where I plan to assist in paying my mortgage. Is it possible to transfer the funds from my foreign account to my UK account to help pay my mortgage? and are there any tax implications or obligations that I need to be aware of and fulfill regarding this transfer? Many thanks

Hi famousa,

If your father in law, is a UK resident, he may have capital gains tax to pay on the disposal of the foreign property.  
There are no tax implications on cash gifts, unless the gift generates interest or dividends, which then may be subject to tax.  
There are no tax implications for transferring savings/gifts to a UK bank account, unless they generate income / gains as already mentioned.

Thank you.