I am just arrived at the UK. I am arranging to move money from my overseas accounts to the UK. Part of the money moving in will be used towards the purchase of a residential house for my son in the UK. He is currently a non-resident and will be a tax-resident in the year 2021-2022. Need my son or I pay UK tax for the money transfer? Does it require for any declaration of the transfer to the HMRC? Will there be any difference if the money transfer between our accounts (UK accounts) occur before and after financial year cut-off of 5April2021?