: Money gift from Indian father to son with British passport Father in India wants to gift £ 50,000 to son in UK (who has British passport) for buying property. I am getting a letter from a Indian chartered accountant stating

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Money gift from Indian father to son with British passport
Father in India wants to gift £ 50,000 to son in UK (who has British passport) for buying property.
I am getting a letter from a Indian chartered accountant stating the source of the funds and tax paid in India.
Is this gift taxable ?
Any idea on how much money can be gifted in a financial year?

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