How can a Ukrainian send via a bank wire a loan of 5000 GBP to UK citizen without income tax?
Personal loan? Gift?
Personal loan? Gift?
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will this imply paying income tax? Are loans and/or gifts exempt? If a sender is a foreigner?via a bank wire? (is this a trick question?)
income tax is payable on income. Is this payment income, loan or a gift? If you are asking how to misclassify a payment so that tax is not payable when it is due, then that is tax evasion and is illegal.will this imply paying income tax? Are loans and/or gifts exempt? If a sender is a foreigner?