In reality, +1 to the advice above. As long as the amount won could've been realistically saved in the past, the bank won't interrogate anything beyond the standard six month or so.My memory is that six months bank statements are asked for; but you might want to wait 12 months to make sure that there are no more references to gambling purchases.
Assuming your winnings are now lodged in a regular bank I don't see an issue from mortgage perspective.
If you ever feel the urge to gamble again, buy some shares instead!
A statement that you are not currently gambling via an account is not proof you have quit gambling. Most bookies would provide one of those and take 10k in cash off you the same day!while also stating that I had quit gambling, and have bookmakers statements to prove this.
Or cause you gift/inheritance tax issues down the line, as it will reduce your tax free threshold.In which case getting a parent to certify it as a gift might help.
that's a good suggestion; avoids any explanations.Are you not better off to just see if you can use the bare minimum for a deposit, ringfence the rest somewhere and use it to pay down some of the mortgage in a couple of years? You don't have to declare everything on the mortgage form
Me too, also a while ago.It's a little while but boi made us show the source of our savings...right back to the ssia account I had started ten years previously.
No it doesn’t.Or cause you gift/inheritance tax issues down the line, as it will reduce your tax free threshold.
My poor husband still has trauma from having to track the money as we moved it around chasing rates! I found the spreadsheet recently, it was a map of our lives, where we lived, got married, bought cars etc. All cash in & out & savings moving from bank to bank!Me too, also a while ago.
Back when a thing called "interest rates" existed I used to move my savings around a lot to benefit.
BoI needed a lot of explanation to prove there was a regular pattern of saving. IIRC going back two years.
Yes. Or a disgruntled relative. "We lied to the bank, but we're telling you the truth Mr. Tax Inspector, honest". I wouldn't risk it.What exactly are you suggesting might happen? That the bank would somehow tell Revenue that it was a gift?
You seem to be ignoring the actual facts of the case. Revenue deal in facts, not spoof to banks.Yes. Or a disgruntled relative. "We lied to the bank, but we're telling you the truth Mr. Tax Inspector, honest". I wouldn't risk it.
Said certification is a fact that might be of interest to Revenue. The fact that you later claim it was a spoof (when said parent might sadly no longer be around to corroborate your new version of events) seems to make it more substantial, not less. We don't know what records Revenue may have access to in future, and what they may rely on to establish "facts". Like I say, I wouldn't risk it.getting a parent to certify it as a gift might help.
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