Gift by daughter in law

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1 Points Posted on 01 April 2023
Whether the gift from daughter in law to father in law exempt
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On 01 April 2023 at 12:13 Report
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Quick Summary
This discussion clarifies the tax implications of gifts received from a daughter-in-law. Generally, such gifts are exempt from tax up to a certain limit. However, if the gift exceeds £50,000, it may become taxable as a daughter-in-law is not typically defined as a 'relative' for tax purposes.

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CA
10436 Points Posted on 01 April 2023
Yes, it is exempt
3 Reply
On 01 April 2023 at 13:07
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Profession Business
28246 Points Posted on 02 April 2023
Subject to a certain limit
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On 02 April 2023 at 10:19
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363 Points Posted on 07 April 2023
Gift will be taxable if it is more than 50000/because it is not in the definition of relative
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On 07 April 2023 at 16:46

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