Tax payable on giftsBy Marc Sevitz · Updated 11 August 2013Hi Tim, will I be liable for income tax on monetary gifts received from overseas ? TaxTim Marc said:11 August 2013 at 21:50Not for once-off receipts of gifts, unless it is seen to be income received on a regular basis for some service performed.
Hi Tim, will I be liable for income tax on monetary gifts received from overseas ? TaxTim Marc said:11 August 2013 at 21:50Not for once-off receipts of gifts, unless it is seen to be income received on a regular basis for some service performed.
