This was the finding of the First Tier Tax Tribunal in the case of Tang v HMRC, 2019 UKFTT 0081 TC.
Lily Tang was a midwife who worked in the NHS. In 2013 HMRC found out (having issed an information notice to the bank) that more than 90,000 USDollars were held in an account in Mrs Tang’s name with Standard Chartered in Singapore.
HMRC raised a discovery assessment against Mrs Tang and requested further information from her in relation to the account. Mrs Tang advised HMRC that the money did not belong to her but belonged to her parents in law who were resident in Hong Kong. She further advised that she and her husband managed the monies in accordance with the instructions of her parents in law.