OT 38 nathan

This topic has 1 reply, 2 voices, and was last updated 11 years ago by Tax Tutor.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
November 4, 2014 at 10:21 am #207624
josy87
Member
- Topics: 172
- Replies: 215
Sir I don’t understand why the wedding exemption is not 5000. I used 5000 but in your answer it is 1000. wedding gift to a nephew.
November 9, 2014 at 3:21 pm #208629
Tax Tutor
Member
- Topics: 2
- Replies: 3960
See OT course notes chapter 23 section 7 and illustration 10 on the same page which you should have worked through before attempting this example! It is only 5000 where a parent gifts to their child.
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.