Income from other sources gift

This discussion clarifies the tax implications of gifting property between relatives in the UK, specifically focusing on a father gifting a property to his brother's wife (bhabhi). It confirms that such a gift, received without 'consideration' (meaning free of cost), is generally tax-exempt for the recipient. The query also addresses potential capital gains tax for both the giver and receiver, concluding that no capital gains tax is applicable in this scenario as the property is gifted.