All I'm seeing when looking this up is the annual small gift allowance of 3k but if a friend wants to gift me 8k does is not fall under Cat C for revenue of 16,250?
All I'm seeing when looking this up is the annual small gift allowance of 3k but if a friend wants to gift me 8k does is not fall under Cat C for revenue of 16,250?
If you have a wife/partner and the person giving it also does, then each could give you both 2k under annual gift allowance and no tax liability, as its3k per person from as many people per year