Have Tax Questions? Ask a Tax Expert for Answers ASAP
The monetary are given to us, my wife and me, as we only have a basic pension. First of all we use it for us, helping with the house, repairs. Then we like to share some of it with people in need, especially in the third world but also friends here. My basic question is, as the money is a personel gift to us, is it taxable?
thank you Sam for your answer.