{"id":10324,"date":"2012-01-11T13:30:01","date_gmt":"2012-01-11T06:30:01","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-a-financial-gift-liable-for-income-tax\/"},"modified":"2016-04-10T13:36:49","modified_gmt":"2016-04-10T06:36:49","slug":"is-a-financial-gift-liable-for-income-tax","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-a-financial-gift-liable-for-income-tax\/","title":{"rendered":"Is a financial gift liable for income tax?"},"content":{"rendered":"


\nQ My parents have recently downsized and have money in the bank which is far beyond what they need, so they have said they would like to give some of it to me and my sister \u2013 it would be in the region of \u00a350,000 each.I understand that if neither of them survive beyond seven years then tapering inheritance tax (IHT) will apply, but what I am not sure of is whether I will be liable for income tax on what amounts to unearned income? My personal tax allowance is used up within my earnings. AS Continue reading…
\n
\nSource : theguardian.com
\nRead more…Is a financial gift liable for income tax?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Q My parents have recently downsized and have money in the bank which is far...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-10324","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-2Gw","jetpack-related-posts":[{"id":11906,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/french-income-tax-exemption-thresholds-2016\/","url_meta":{"origin":10324,"position":0},"title":"French Income Tax Exemption Thresholds 2016","date":"May 4, 2016","format":false,"excerpt":"\r The income thresholds that apply before you become liable for income tax in France in 2016.\r \r Source : french-property.com\r Read more...French Income Tax Exemption Thresholds 2016","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70442,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-capital-gains-tax-liable-on-an-inherited-property\/","url_meta":{"origin":10324,"position":1},"title":"Is capital gains tax liable on an inherited property?","date":"October 30, 2017","format":false,"excerpt":"\r For 15 years I\u2019ve never really lived in the property, and now I plan on selling itQ I retired 10 years ago and split my time between my holiday home in the Algarve for six months of the year and travelling in my motor home. 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My sister thinks that if they give me any more than the \u00a33,000 which can be passed under an annual exemption,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104427,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mps-with-multiple-properties-liable-for-capital-gains-tax\/","url_meta":{"origin":10324,"position":3},"title":"MPs with multiple properties liable for capital gains tax","date":"February 27, 2019","format":false,"excerpt":"\r A majority of MPs from both major parties could be personally affected by the introduction of a capital gains tax on properties they own apart from the family home.The 2018 Register of Pecuniary Interests, which lists all properties...\r \r Source : nzherald.co.nz\/Property\r Read more...MPs with multiple properties liable for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":944,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/am-i-liable-for-capital-gains-tax-after-letting-my-house\/","url_meta":{"origin":10324,"position":4},"title":"Am I liable for capital gains tax after letting my house?","date":"August 21, 2014","format":false,"excerpt":"\r I lived and worked abroad, and then when I came back, I carried on letting the houseQ I\u2019m confused about capital gains tax. 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Other landlords say\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/10324"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=10324"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/10324\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=10324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=10324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=10324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}