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Sanjeev Harash

Gifting large sums of money

Posted by Sanjeev Harash on October 21st 2019 in MOVING HOUSE .

Giving large sums of money as a gift, whether for a young person to buy a home or to a partner, comes with a host of potential financial traps.

Any gift is tax-free, provided the person making it lives for seven more years. So giving a deposit for a home should not...

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