My daughter was gifted money from my uncle, amount bringing her over 15k threshold, is capital acquisitions a self declared tax? Money was lodged into a newly opened bank account. What are chances of it going unnoticed if its not declared? Would it be an option to lodge 15k into new acc, balance into mine and they I can transfer back to her to avoid paying tax?
My daughter was gifted money from my uncle, amount bringing her over 15k threshold, is capital acquisitions a self declared tax? Money was lodged into a newly opened bank account. What are chances of it going unnoticed if its not declared? Would it be an option to lodge 15k into new acc, balance into mine and they I can transfer back to her to avoid paying tax?
I think it's very constructive - I'm letting you know, in case you didn't realise it, that you've come online to a reputable consumer forum to seek advice on how to evade tax and launder money. How did you expect this would go down?
As a paye worker I have always paid my taxes, I dont think hospital waiting lists are down to me. But perhaps Protocol you are right, I should have clarified that I was looking for advise on legitamate way to avoid it. I know this is not the place to start the topic but my uncle also payed his taxes as he earned this money so in a sense it feels like its being taxed twice if my daughter has to pay tax on it