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2 questions
3
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2
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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 ...
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27
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3
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Why doesn't everyone in UK just pay with exempted gifts?
From what I've grasped from the gov.uk website,
you can gift as much as you like to anyone without paying any tax, as long as you don't die in the next 7 years. So why doesn't everyone just gift ...
- 525