Hi team,
I am uk domiciled person born in india. My father ( india domiciled) want to gift me around £100000 via international bank transfer towards deposit of my house purchased in uk.
As I understand foreign gift doesn't attract inheritance tax or any other tax , is this right understanding
Do I need to declare this money in my self assessment?
If no need to be declared then do I need to maintain any documents for the same ?
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