Hi
Is the period this gift can be made to children tax free, Jan to Dec each year?
Could you give 3000 on 31 Dec one year and a further 3000 on 1st Jan of the new year?
Do you have to have written proof that this is a tax exempt gift or is that necessary?
Thanks
Is the period this gift can be made to children tax free, Jan to Dec each year?
Could you give 3000 on 31 Dec one year and a further 3000 on 1st Jan of the new year?
Do you have to have written proof that this is a tax exempt gift or is that necessary?
Thanks