Parents gifting money from India to UK from sale of property

Hi, i live in the UK and am a British citizen. My dad lives in India. He recently sold a property that is on his name and wants to gift me the proceeds to help with my mortgage and kids education fees. Are there any tax implications if my dad directly wire transfers the money to my UK bank account? Am i supposed to declare this in my self assessment?

Hi,

There are no Income Tax implications on the giving or receipt of a cash gift unless the cash gift generates interest or dividends. These would then potentially be subject to tax. You can see guidance here:
Tax on savings interest
Tax on dividends
You would not have any Inheritance Tax issues with this gift, if the individual gifting is not a UK resident.

Thank you.