Tax on overseas bank transfer

Hello, I am a UK citizen and resident. I am planning to buy a house and by parents would like to help with the deposit. They are citizens and residents of India. They would like to transfer money as a gift into my account in India which then I will transfer to my bank account here. This money would already be taxed in India for my parents. Would I be liable to pay any UK tax on this transfer to my UK bank account? Many thanks, Nav

Hi,
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 seen here:
Tax on savings interest
Tax on dividends
Thank you.