Wład_Szćżepąnjk
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I met up with some family members over the Easter break, and congratulated my sister (44) on finally buying a house... and what a house.
She rarely drinks, but had one glass of prosecco too many. It turns out our uncle gifted her €500,000, and she put that with her savings and bought the house. No mortgage. Alas, it's completely unfurnished.
Anyway, I'm not surprised (or jealous). She's always been his favourite, he's wealthy and has no family of his own. Like my other sister said, she was going to inherit everything from him anyway; now she's just getting half of it early.
I discovered later that she had also let slip she paid no gift tax on the €500k. My other sis pointed out to her that she's liable for about €150,000 tax. Her response was "shure what about it, how'd the tax man ever find out?"
It's a fair point she makes. We all love her to bits, we're not jealous types... we're not going to report her. Had she not had just one (and we're talking just one) too many, none of would be none the wiser. I've never seen her tipsy like this before, I can't imagine it happening again, and I can't imagine her letting it slip to someone that would squeal on her.
However, I'm concerned that if the taxman did find out, she's get a whopping bill, but hasn't a penny to her name apart from a house worth a shade over half a mil.
Should I be concerned for her? Or is it right when she says, "how'd the tax man ever find out?"
She rarely drinks, but had one glass of prosecco too many. It turns out our uncle gifted her €500,000, and she put that with her savings and bought the house. No mortgage. Alas, it's completely unfurnished.
Anyway, I'm not surprised (or jealous). She's always been his favourite, he's wealthy and has no family of his own. Like my other sister said, she was going to inherit everything from him anyway; now she's just getting half of it early.
I discovered later that she had also let slip she paid no gift tax on the €500k. My other sis pointed out to her that she's liable for about €150,000 tax. Her response was "shure what about it, how'd the tax man ever find out?"
It's a fair point she makes. We all love her to bits, we're not jealous types... we're not going to report her. Had she not had just one (and we're talking just one) too many, none of would be none the wiser. I've never seen her tipsy like this before, I can't imagine it happening again, and I can't imagine her letting it slip to someone that would squeal on her.
However, I'm concerned that if the taxman did find out, she's get a whopping bill, but hasn't a penny to her name apart from a house worth a shade over half a mil.
Should I be concerned for her? Or is it right when she says, "how'd the tax man ever find out?"