O orlsmc Guest 28 Nov 2006 #1 Hi, I am getting a gift of 30k from my parents for a deposit for a house, will I be subject to gift tax?
Hi, I am getting a gift of 30k from my parents for a deposit for a house, will I be subject to gift tax?
W woods Registered User Messages 780 28 Nov 2006 #2 No Your parents can give you almost 500K without tax liability
O orlsmc Guest 28 Nov 2006 #3 cheers! That's what I'd thought... I presume it's just deducted from my allowance of inheritance?