Tax implications on a financial gift
Discussion
I'm in the process of buying a house and my parents have provided me with a £38,000 deposit. My conveyancing solicitor sent me an email/letter on Friday outlining a few things about the deposit which aren't a problem, but the last paragraph stated the gift may have tax implications and that I'd be best speaking to an accountant about this as my solicitor cannot advise me on this situation.
Could someone tell me which tax implications I may face please??
Could someone tell me which tax implications I may face please??
Gassing Station | Finance | Top of Page | What's New | My Stuff