Pardon me if this question has been answered already before, I searched for this information but couldn't find it.
My father was a government employee in India, who was retired in October this year. He gave his settlement money to me and my sister. I'm considering purchasing a property in the UK using this money and understand that there isn't any tax when gifts are given to close family members. I have already obtained a legal certificate in India that states that source of the cash and its validity. So:
Will I be taxed in the UK?
What process should be followed to deposit this cash in my UK bank account? Is there any special type of account thats needed or just a bank transfer from dad's india account to my UK bank account is enough?
I understand that I need to show this legal certificate to the solicitor when the house purchase is going to happen.
Should I contact HMRC or any other legal entity to inform about this transfer?
Thank you and respectfully
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