hI,
My uncle has no assets except for an inheritance which is controlled by my mother due to his medical situation. His health has deteriorated over the last few months, heart problems, he's almost 69 years of age.
The set up is that there is over 66,000 euros in a bank account under my mother and the accountant's name to which 100 is transferred each week into my Uncle's account.
He has a disability pension (allowance) again due to his medical situation.
The fact the receiving account which the 100 is lodged into each week is under my uncle's name will the revenue go back further and ask where this money is coming from? would they see this 66,000 as his or my mother giving him an allowance?
would any one know how this situation would be viewed by Revenue?
Regards,
Thanks
My uncle has no assets except for an inheritance which is controlled by my mother due to his medical situation. His health has deteriorated over the last few months, heart problems, he's almost 69 years of age.
The set up is that there is over 66,000 euros in a bank account under my mother and the accountant's name to which 100 is transferred each week into my Uncle's account.
He has a disability pension (allowance) again due to his medical situation.
The fact the receiving account which the 100 is lodged into each week is under my uncle's name will the revenue go back further and ask where this money is coming from? would they see this 66,000 as his or my mother giving him an allowance?
would any one know how this situation would be viewed by Revenue?
Regards,
Thanks