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by OJFord
2788 days ago
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Huh, sorry, as a Briton it's quite literally a foreign concept to me; I thought I was joking. In the UK there's inheritance tax to pay over a threshold if you die within 7 years of making the gift, but otherwise there's not a 'gift tax'. The situation you describe still isn't the same as declaring it as income though - assuming you are working, if it were taxed at your marginal rate of income tax you'd already be over any threshold no matter how small the gift. |
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