My dad (never a UK resident and lives abroad) has sold his property outside UK and would like to gift me some of his sale proceeds to me. I am a UK resident. If my dad transfers money around 30,000 from his non UK bank to my UK bank account as a gift do I have to pay any tax on that? Does my bank need to be made aware with any document proof that the reciept of those funds are gift from my dad? I am thinking of buying a property is this money sometime in future. Will there be a need to submit any documentation at that time in relation to the source of this deposit?