David Cameron faced a fresh row over his personal finances after it was revealed that he had been given a £200,000 gift by his mother following his father's death which could potentially avoid inheritance tax.

Information revealed as part of a release by Downing Street of information about the Prime Minister's finances showed that in 2011 he received two payments of £100,000 by his mother Mary.

It came on top of the £300,000 he inherited from his father Ian.

The payments by Mary Cameron to her son in May and July 2011 were given tax free, and will only become liable to inheritance tax of up to 40% if the Prime Minister's mother dies within seven years of handing over the money.

The release of the information followed the furore over the Panama Papers data leak and the revelation that Mr Cameron and his wife Samantha made a £19,000 profit on shares in an offshore trust set up by the Prime Minister's father.

The Prime Minister has been angered by the focus on his father's offshore business interests, insisting it was a "fundamental misconception" that the Blairmore Holdings trust had been set up to avoid tax.

But Labour seized on his father's offshore business links to question the source of Mr Cameron's inheritance and the gift from his mother.

The week started with a moral crisis at the heart of the Tory party and has now ended with a scandal at the very top of Government. The Prime Minister has been forced to admit that not only had he benefited from a company that paid no tax in 30 years, but that he may pay no tax on any benefits potentially gained from the same company. David Cameron can't hide any more, he needs to come to Parliament on Monday and put the record straight. Labour Party spokesperson

Labour leader Jeremy Corbyn said he would publish his own tax return "very, very soon" and insisted there were "no surprises there" .