George gives £10,000 cash to his son. Indicate whether the following statement is True or False. The gift of £10,000 will be chargeable to captial gains tax.
George gives £10,000 cash to his son. Indicate whether the following statement is True or False. The gift of £10,000 will be chargeable to captial gains tax.
Chapter19: Family Tax Planning
Section: Chapter Questions
Problem 20CE
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Question
George gives £10,000 cash to his son.
Indicate whether the following statement is True or False. The gift of £10,000 will be chargeable to captial gains tax.
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