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£50,000 cash gift from friend. IHT implications?
Comments
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I suggest you read my post more carefully, because I've said no such thing.Bookworm105 said:
All the above responses saying liability rests only on the estate are technically incorrect.
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I did and no where do you directly mention the potential for the recipient to be liable, which is the actual answer to OP's question .SiliconChip said:
I suggest you read my post more carefully, because I've said no such thing.Bookworm105 said:
All the above responses saying liability rests only on the estate are technically incorrect.
What you said assumes people are aware of how things work, which they are not.
You said in the majority of cases... and friend should check estate can cover a bill.
That does not directly draw attention to the potential the recipient can be liable.0
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