HMRC Admin 18 Response

Hi Taimmah,

Yes, you will not be charged  income tax on transferring your capital to another account.

Thank you.
 

Hi,

There are no income tax implications when you receive a cash gift, cash gifts from Uk resident, overseas relative or from a friend.

You may need to check with your bank and here is a link re. inheritance tax and Gifts:

Inheritance Tax

Thank you.