Have Tax Questions? Ask a Tax Expert for Answers ASAP
Hi, I am one of the experts. I will come back to you little later, plz bear with me.
If this is a transfer from savings only then it has nothing to do with tax. Income tax is the tax on income. This is how I think but I also advice you to give a call to HMRC self assessment helpline and just let them know about this transfer from family. They will further confirm you and also this gives you 100% peace of mind.
Hope I have answered your question?