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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
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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
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