Questions tagged [gift]

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1answer
5k views

Can you take back a gift?

Suppose that I unconditionally and unambiguously give a person a thing such as a necklace with a moderate value (say $1000): I hand it to them and say "Here, you can have this, I don't need it anymore"...
3
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2answers
1k views

UK: Can I give money to my brother instead of him paying income tax on a share of my rental income?

Let's say my brother acts as guarantor for my mortgage, so that I can buy a bigger house than before. He does not put his name on the house deeds, and he does not contribute to mortgage payments, I ...