Overseas transfer

[lproctor]

Hello,

I'm looking for some advice.

My dad is British but living overseas and has been for the past 16 years. He wants to transfer some cash from his overseas account to my UK bank account for a deposit on a property. Would this money be subject to tax?

Any help would be greatly appreciated.

[jpcentral]

There would be no tax on the gift.

[lproctor]

Thanks very much for your help.