Tax on gift

Hi My uncle would like to give me £75000 as a gift. Would this be legal? Would there be any tax to pay on this? I know about inheritance tax but would I have to pay any income tax? Many thanks

Hi,
 

There are no tax implications on the giving or receipt of cash gifts, but you may wish to speak to inheritance tax regarding any inheritance tax implications : How Inheritance Tax works: thresholds, rules and allowances   and : Inheritance Tax: general enquiries  .   You may also want to review the guidance at : How Inheritance Tax works: thresholds, rules and allowances   .  Thank you.