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Using parent's Personal Savings Allowance?

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Comments

  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    This is very clearly evasion not avoidance.

    Whether you'd get caught, and what other things may occur, are a different matter but don't kid yourself that just because married couples can swap money around without tax implications, any two people can!
  • Dird
    Dird Posts: 2,703 Forumite
    Eighth Anniversary 1,000 Posts Combo Breaker
    AnotherJoe wrote: »
    just because married couples can swap money around without tax implications, any two people can!
    I'm sure there are unmarried couples who do too.

    Money removed from account anyway
    Mortgage (Nov 15): £79,950 | Mortgage (May 19): £71,754 | Mortgage (Sep 22): £0
    Cashback sites: £900 | £30k in 2016: £30,300 (101%)
  • Keep_pedalling
    Keep_pedalling Posts: 22,511 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    The OP would certainly be caught if his mother died suddenly, as they have at least one sibling who would benefit from her mother's larger than expected estate :D
  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    Dird wrote: »
    I'm sure there are unmarried couples who do too.

    I'm sure there are. Those also are committing evasion :D
  • Dird
    Dird Posts: 2,703 Forumite
    Eighth Anniversary 1,000 Posts Combo Breaker
    Keep_pedalling wrote: »
    The OP would certainly be caught if his mother died suddenly, as they have at least one sibling who would benefit from her mother's larger than expected estate :D
    She'd have dollar signs in her eyes like that emoji but DCAs & funeral costs would have taken it all
    Mortgage (Nov 15): £79,950 | Mortgage (May 19): £71,754 | Mortgage (Sep 22): £0
    Cashback sites: £900 | £30k in 2016: £30,300 (101%)
This discussion has been closed.
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