Yes, you can gift £100000 to your son in the UK. However, there are important tax implications to consider: Gift Tax: In the UK, there is no specific gift tax, but gifts may be subject to Inheritance Tax (IHT) if you pass away within seven years of making the gift.
Express Joy: ``I'm so happy to give you this!'' Share the Thought Behind the Gift: ``I saw this and thought of you because...'' Wish Them Happiness: ``I hope this brings you as much joy as you bring to my life.'' Encourage Enjoyment: ``I hope you enjoy it!'' Keep it Simple: ``Just a little something for you.''
Express Joy: ``I'm so happy to give you this!'' Share the Thought Behind the Gift: ``I saw this and thought of you because...'' Wish Them Happiness: ``I hope this brings you as much joy as you bring to my life.'' Encourage Enjoyment: ``I hope you enjoy it!'' Keep it Simple: ``Just a little something for you.''
Documentation Requirements Gifts must be evidenced by a letter signed by the donor, called a gift letter. When the gift is sourced by a trust established by an acceptable donor or an estate of an acceptable donor, the gift letter must be signed by the donor and list the name of the trust or the estate account.
While the chances of recovery diminish over time, reporting helps authorities track and combat scams. In summary, while it is generally better to report scams promptly, it is not necessarily ``too late'' to report a scammer after a year, especially for criminal reports. However, specific actions may have time limits.
Report gift cards used in a scam to the companies that issued the gift cards. Then, report it to the FTC at ftc/complaint.