Zbls

Dear Madam/Sir, I am a UK resident since birth. A long time family friend, being Swiss citizen and residing in Malta, is considering gifting me a substantial sum of money (approximately £200,000) by bank transfer to the UK, to assist me and my husband with our house purchase in the UK. I understand that gifts are generally not subject to income tax or capital gains tax for the recipient in the UK.  However, I would like clarification on any potential tax implications, particularly regarding inheritance tax, given that the gift is coming from a third country. Your guidance on this matter would be greatly appreciated. Yours sincerely