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erics

i would like to buy my 40yr old son son a car £20000 he works an earns £40000 pa , would it affect me and him tax wise?

Comments

  • maninthestreet
    maninthestreet Posts: 16,127 Forumite
    Part of the Furniture
    Any reason why this well-paid middle-aged man can't fund his own car purchase??
    "You were only supposed to blow the bl**dy doors off!!"
  • wealdroam
    wealdroam Posts: 19,180 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    e_smithson wrote: »
    i would like to buy my 40yr old son son a car £20000 he works an earns £40000 pa , would it affect me and him tax wise?
    Yes it will if you die within seven years.

    OP, how about a different title to some of your threads?
    You have now started four threads all with the same title... confusing.
  • Quentin
    Quentin Posts: 40,405 Forumite
    Are you looking to adopt any more sons?
  • maninthestreet
    maninthestreet Posts: 16,127 Forumite
    Part of the Furniture
    Quentin wrote: »
    Are you looking to adopt any more sons?

    :rotfl::rotfl::rotfl:
    "You were only supposed to blow the bl**dy doors off!!"
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