CASH GIFT, TAX IMPLICATIONS

chas2008 | 10:35 Thu 25th Feb 2010 | Business & Finance

2 Answers

my inlaws are considering paying of our mortgage (my wife has had to give up work due to ill health)
I am aware of the implications regarding inheritance tax etc, but are there any other personnel tax issues? the amount involved is about £40,000

Self employed and Claiming a new van on expenses

been paid by cheque from work when i have tried to cash it at

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dzug

Apart from IHT, there are no tax issues

There is a potential deliberate deprivation of assets issue should your inlaws need to go into a care home - or maybe that possibility was in your 'etc'?

chas2008

Question Author

thats what i thought,just needed a second opinion,

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