Diego Carrillo

Hello, We have the EU Settlement Scheme with my wife. Her parents would like to give her a family gift to help us buy a property in the UK. The sum is over £500,000 and would be sent from the US. After reading a few responses here in the forum, I understand that there are no tax implications for transferring capital from a foreign bank account to a UK bank account and only if the capital generates income, such as interest or dividends, that this would be taxable, but I wanted to confirm if for that apply for that amount as well. The money was inherited from previous generations so it's not related to the sale of a recent property or land. Thanks!