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tax in foreign countries on gift money
leeegglestone
Posts: 2,592 Forumite
I am posting this on someone elses behalf
I wopuld like to lend my son who lives in NYC. some money to pay for his tuition fees for university
He has told me that he will have to pay tax on the money.
Is this true and is there any way around this?
Would be just putting money into his bank account
I wopuld like to lend my son who lives in NYC. some money to pay for his tuition fees for university
He has told me that he will have to pay tax on the money.
Is this true and is there any way around this?
Would be just putting money into his bank account
0
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