Tomoko
Joined: 6/15/2020
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Gift Tax to pay?
Hi I bought £20000 child premium bond to my daughter last year spending my savings when she was 15. But this year I need £10000 to buy a property and she(now 16) is happy to pay that money back to me. My question is if this is considered as a gift from my daughter to me and if so, if I (or she ) will need to pay a gift tax for this payment. Please let me know. Thank you for your help!