Regular cash gift

Hello, I am a UK citizen and paid in the UK via PAYE for my work. A family friend wishing to gift me cash on a regular basis from abroad to help cover the old age care for a family member in the UK. How will such a cash gift be treated from a tax perspective? Thank you

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. 
There are no income tax implications on the receipt of a cash gift 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