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Homeby Witness Moecki
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Caution when gifting to minors

tamilpranesh (31)in Tamil Success • 4 years ago

When gifting, such as transferring property to a minor
It is not a simply written confirmation
Fund sources and flows are thoroughly investigated
If the gift certificate appears
10-50% gift tax on the value of the gifted property
pay a fine
If you do not voluntarily report, you will have to pay an additional 30% tax.

world-in-your-hands-1309750(1).jpg

#gcs #gifting
4 years ago in Tamil Success by tamilpranesh (31)
$0.00
    1 vote
    • - trismegist
    Reply 0