DDanmurphy2
Registered User
- Messages
- 5
Hi
My parents are getting on and while difficult to deal with their reducing health conditions, they have some small amount of cash in life policies coming to maturity. It is their wish to share this with their children now.
What is the position with gifting cash to us in regard to taxes? Iam getting differences in feedback on this.
Any help appreciated.
Dan.
My parents are getting on and while difficult to deal with their reducing health conditions, they have some small amount of cash in life policies coming to maturity. It is their wish to share this with their children now.
What is the position with gifting cash to us in regard to taxes? Iam getting differences in feedback on this.
Any help appreciated.
Dan.