New Posts For Thread: bit of advicechit chat money experts, neededhttps://community.betfair.com/chit_chat/go/thread/view/94038/31576883/bit-of-advicechit-chat-money-experts-neededoften wondered about parents,etc giving tax free gifts to their kids,how does tax office ever find out whats stopping parents drip feeding money to their kids in cash,etcreason been to stop the son getting a bank loan and paying interest I,m lendingI get it,just can marry it up with the tamen giving parents,grandparents a small tax free gift allowance, who abides ,discloses these giftsor like most tax breaks are they just a way for the well off to use tax system to avoid their own tax liabilitihttps://community.betfair.com/chit_chat/go/thread/view/94038/31576883/bit-of-advicechit-chat-money-experts-needed?post_id=557886277#557886277I get it,just can marry it up with the tamen giving parents,grandparents a small tax free gift allowance, who abides ,discloses these giftsor like most tax breaks are they just a way for the well off to use tax system to avoid their own tax liabilitiMon, 02 Sep 2019 08:40:31 -05001TPThousands of parents are lending money to their offspring every week of the year and this iscompletely outside the scope of the tax man.Your only worry is if your son hits a problem and cannot afford to make the repayments.https://community.betfair.com/chit_chat/go/thread/view/94038/31576883/bit-of-advicechit-chat-money-experts-needed?post_id=557886233#5578862331TPThousands of parents are lending money to their offspring every week of the year and this iscompletely outside the scope of the tax man.Your only worry is if your son hits a problem and cannot afford to make the repayments.Mon, 02 Sep 2019 08:29:27 -0500tax man might ask questions as might bnefits agencies, but very very unlikelyand you are allowed to do what you are proposing.easy enough to download some forms to sign between you and your son incaseof future problems, or to answer questions posedthhttps://community.betfair.com/chit_chat/go/thread/view/94038/31576883/bit-of-advicechit-chat-money-experts-needed?post_id=557886111#557886111tax man might ask questions as might bnefits agencies, but very very unlikelyand you are allowed to do what you are proposing.easy enough to download some forms to sign between you and your son incaseof future problems, or to answer questions posedthMon, 02 Sep 2019 07:53:48 -0500cheers for replieshttps://community.betfair.com/chit_chat/go/thread/view/94038/31576883/bit-of-advicechit-chat-money-experts-needed?post_id=557886031#557886031cheers for repliesMon, 02 Sep 2019 07:32:45 -0500Not a chance in hell will anyone from any government body ask any questions about that transaction 1st time poster so put your mind at ease about that.https://community.betfair.com/chit_chat/go/thread/view/94038/31576883/bit-of-advicechit-chat-money-experts-needed?post_id=557885943#557885943Not a chance in hell will anyone from any government body ask any questions about that transaction 1st time poster so put your mind at ease about that.Mon, 02 Sep 2019 07:12:21 -0500This is a purely private arrangement between you and your sonand has absolutely nothing to do with the tax man.https://community.betfair.com/chit_chat/go/thread/view/94038/31576883/bit-of-advicechit-chat-money-experts-needed?post_id=557885771#557885771This is a purely private arrangement between you and your sonand has absolutely nothing to do with the tax man.Mon, 02 Sep 2019 06:23:06 -0500often wondered about parents,etc giving tax free gifts to their kids,how does tax office ever find out whats stopping parents drip feeding money to their kids in cash,etcreason been to stop the son getting a bank loan and paying interest I,m lendinghttps://community.betfair.com/chit_chat/go/thread/view/94038/31576883/bit-of-advicechit-chat-money-experts-needed?post_id=557885687#557885687often wondered about parents,etc giving tax free gifts to their kids,how does tax office ever find out whats stopping parents drip feeding money to their kids in cash,etcreason been to stop the son getting a bank loan and paying interest I,m lendingMon, 02 Sep 2019 06:00:31 -0500