Caution when gifting to minors

in hive-193429 •  3 years ago 

When gifting, such as transferring property to a minor
It is not a simply written confirmation
Fund sources and flows are thoroughly investigated
If the gift certificate appears
10-50% gift tax on the value of the gifted property
pay a fine
If you do not voluntarily report, you will have to pay an additional 30% tax.

world-in-your-hands-1309750(1).jpg

hive-193429 gcs gifting
3 years ago by

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