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pretty simple.it's a 'gift'how is a gift...

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aussieasxboss

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12/09/20

21:33

Post #: 47295863
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Originally posted by BenGrahamReborn: ↑

Hi Everyone!!

Imagine the following scenario........
Your parents (or in laws or whatever) sell their farm in rural China and want to give you a 400k gift through Western Union......
1. Do you declare that in your tax return?????
2. Do you pay tax on it?

Cheers

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pretty simple.

it's a 'gift'

how is a gift taxable.

cheers
1 Upvote

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