I was born in India and came to the UK 11 years ago when I was 20 years old. I'm a British Citizen and hold a UK bank account.
I also have an Indian bank account which is managed by my father in India. Up until now, we haven't transferred any money from my Indian bank account to my UK bank account.
My Grandmother is intending to gift me some money in my Indian bank account.
Would I incur any taxation for this Gift in UK? Does it change if I transferred that gifted money into my UK bank account and used it towards a house deposit here in the UK?