Hi
I'm separated. Will be divorced in three weeks or so.
In order to satisfy , my ex wife I have sold my family home.
I have given half of the full proceeds to my ex - wife.
The matter rests , there , no maintenance or outstanding issues.
For personal reasons I wish to give my half of the proceeds to my parents.
However , I am concerned that there may be tax implications for them.
Could somebody clarify if that is the case? If so , what is the most tax efficient
way to do this.
I want to do this immediately , and as uncomplicated as possible.
Thanks
D
I'm separated. Will be divorced in three weeks or so.
In order to satisfy , my ex wife I have sold my family home.
I have given half of the full proceeds to my ex - wife.
The matter rests , there , no maintenance or outstanding issues.
For personal reasons I wish to give my half of the proceeds to my parents.
However , I am concerned that there may be tax implications for them.
Could somebody clarify if that is the case? If so , what is the most tax efficient
way to do this.
I want to do this immediately , and as uncomplicated as possible.
Thanks
D