Gift tax?
When husband inherits money can he
give half of it to his wife without
having to pay tax?
Asked on 5/31/09, 2:17 pm
1 Answer from Attorneys
Rohini Kumar Tenneti
R.K.1080 LEGAL SERVICES
Re: Gift tax?
The Gift Tax act is abolished and so as the gift given to your spouse subject to income tax paid if the amount gifted was income from inherited property or whatsoever.
Answered on 6/01/09, 3:22 am
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