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Style and beauty

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cash gift and death

3 replies

dizzy174 · 10/11/2024 16:41

i know of someone who has received upwards of 40k in gifts recently. unfortunately the gifter has died. i understand that the amount is now taxable at 40% but how will the government know?
tia for any information

OP posts:
BusySittingDown · 10/11/2024 16:45

Hi OP.

To answer your question - I'm not sure but you might want to get this moved out of Style and Beauty and into a different topic where people could advise you better?

Newterm · 10/11/2024 16:46

What s the total amount of the estate?

LIZS · 10/11/2024 16:46

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