hoping someone can please clarify
wifes parents giving us a few bob to get house done up.
can her dad gift her 3k and can her mother also gift her another 3k without being taxable? i think this is ok.
go one step further
can they both then gift me 3k each? don't see why not ... ain't going to happen, but sure wishful thinking and all, just curious to know the correct answer
lastly, would they all have to be separate transactions?.... i think not
many thanks
wifes parents giving us a few bob to get house done up.
can her dad gift her 3k and can her mother also gift her another 3k without being taxable? i think this is ok.
go one step further
can they both then gift me 3k each? don't see why not ... ain't going to happen, but sure wishful thinking and all, just curious to know the correct answer
lastly, would they all have to be separate transactions?.... i think not
many thanks