Jake H

Thank you - that is clear. However to confirm , If the cash gift comes from a Company/Business account, there is still no tax implication on the gift?

I am a UK tax resident, who is due to receive money from my parents from abroad (non-UK citizens). If this cash gift is transferred from their overseas company account to my personal bank account (as opposed to transferring it to me from their personal bank account), is their an implication and will any UK tax need to be paid ?