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
Younger sister gifted money by family member...
toni232
Posts: 7 Forumite
Hi there,
My younger sister has recently been gifted money (by way of a cheque).
As it is a large amount of money she's been gifted (£50,000), does she:
1. Need to have the gift of money registered anywhere? (HMRC perhaps?)
2. I bought a Monetary Deed of Gift form for her to use. Is it ok 'though if this deed is signed and witnessed a few weeks after the cheque has cleared to her bank?
Any advice would be greatly appreciated!
Toni
:beer:
My younger sister has recently been gifted money (by way of a cheque).
As it is a large amount of money she's been gifted (£50,000), does she:
1. Need to have the gift of money registered anywhere? (HMRC perhaps?)
2. I bought a Monetary Deed of Gift form for her to use. Is it ok 'though if this deed is signed and witnessed a few weeks after the cheque has cleared to her bank?
Any advice would be greatly appreciated!
Toni
:beer:
0
Comments
-
Why does she need the form?0
-
Hi Viola,
I just thought that a deed was needed in case government entities like HMRC ever came knocking and wanted to confirm where the money came from.
Thanks,
Toni0 -
duplicate thread - there are more responses here
https://forums.moneysavingexpert.com/discussion/6012103/younger-sister-given-money-for-house-deposit-pet0 -
Can't she do this herself?Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.4K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.5K Work, Benefits & Business
- 602.8K Mortgages, Homes & Bills
- 178K Life & Family
- 260.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards