Sending Money from UK to overseas as gift

Dear HMRC team, If I send money from UK to overseas as gift to my parents to pay off their mortgage, is it going to subject to gift tax (more than £3000) and other tax such as inheritance tax if I die after the transfer? Many thanks for your help! Joe

Hi,
Please contact the Inheritance Tax team for advice.
Inheritance Tax: general enquiries
Thank you.

Not HMRC...no such thing as "gift tax"...you can give as much as you want...giving over "annual exemptions" are potentially exempt transfers, if you survive 7 years the full amount is removed from your estate in the event of your death, if you die within 2 - 7 years of gift then a tapered amount is added back to calculate IHT, if you die within 2 years of gift the full amount of the gift is added back as if neve made in working out whether IHT is payable on death.

Thanks for your reply team, what about if the case is subject to gift tax or not please?

Hi,
There are no Income Tax implications on the giving or receipt of a cash gift unless the cash gift generates interest or dividends. 
These would then potentially be subject to tax. 
Further guidance can be found here: 
Tax on savings interest
Tax on dividends

 You may also wish to consider any inheritance tax implications. 
The rules on giving gifts can be found here:
How Inheritance Tax works: thresholds, rules and allowances
Thank you.