We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
deposit and tax
Comments
-
Thrugelmir wrote: »Then there's nothing to concern yourself with.
Brilliant, someone said giving over 50k means its taxableShut up woman get on my horse!!!0 -
Kimberley82 wrote: »Brilliant, someone said giving over 50k means its taxable
It is not in its self taxable at source - but is potentially taxable under IHT regulations, upon the death of the donor within 7 yrs (subject to conditions and as discussed above).
Hope this helps
Holly0 -
Kimberley82 wrote: »Brilliant, someone said giving over 50k means its taxable
That someone was wrong.0 -
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.7K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.8K Work, Benefits & Business
- 603.2K Mortgages, Homes & Bills
- 178.2K Life & Family
- 260.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards