Damo

Dear Officer, My parents living in Hong Kong, and I am UK residents. They gift me cash to aid my house purchase, as they don''t have UK bank account, and we are all HSBC, so its easier for them to transfer the gift cash from their HSBC HK to my HSBC HK account, then I can effectively transfer from my HSBC HK to my HSBC UK account. Do I need to pay any tax on the gift cash from my parents in this case? Many thanks.