KevinM

Hi there, My father is 85 and would like to give me a cash gift. If the gift is more than £3000 would I personally have to pay tax on this? For arguments sake, if my father gave me more than £3000 now as a gift, and he passed away in 5 years, and he left the house to me worth say £110,000 and an estate of £100,000, would I then be liable for inheritance or other tax? Cheers in advance. Kev.