Cash gift rules in income tax

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15 Points Posted on 26 May 2020
wife given cash gift to husband .it is write or wrong as income tax rules. please give answer
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On 26 May 2020 at 18:48 Report
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This discussion clarifies the income tax implications of receiving a cash gift from a spouse. According to UK tax rules, cash gifts exchanged between spouses are generally not considered taxable income. Therefore, a wife giving a cash gift to her husband does not create an income tax liability for the husband.

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137 Points Posted on 27 May 2020
Call/ watspp : 8779014967
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On 27 May 2020 at 00:50
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133 Points Posted on 28 May 2020
It is not taxable
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On 28 May 2020 at 00:59

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