What taxes would I pay on money sent to me from my parents in the UK

Hi,

I'm buying a house this year / parents want to avoid a ridiculous inhertiance tax on my side down the line so want to send me some money from the UK to help out.

My understanding is that the only tax I would have to declare would be gift tax based on however much money they sent above the exemption amounts.

Would I have to pay any tax on the money at the time it enters the country, like a remittance tax or would it just be the gift tax?

Thanks

by Shniper

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