C
I think it would make sense that if you can show you have the means in any case to make the second gift, that would not be considered a gift from the original disponer. If you had 50k in your accounts and then gifted 100k , I think that would raise the Revenue's eyebrows. SlimHmmm... so by taking a gift of 20,000 say.. that prevents you from furthering gifts onto other people, even if you have 1,000,000?
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CAPITAL ACQUISITIONS TAX CONSOLIDATION ACT 2003
Part 2 Section 8
Where a donee takes a gift under a disposition made by a
disponer (in this section referred to as the original disponer) and,
within the period commencing 3 years before and ending 3 years
after the date of that gift, the donee makes a disposition under which
a second donee takes a gift and whether or not the second donee
makes a disposition within the same period under which a third
donee takes a gift, and so on, each donee is deemed to take a gift
from the original disponer (and not from the immediate disponer
under whose disposition the gift was taken);
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