Am transferring money from India to my Wife's account who's a Dane. how much money Xfer is tax liable?
-
hi, I am married to a dane and she was in India with me for the last three months. So obviously she was not working and got separated from her parents when she married me. Now she is back in Denmark and as we are in the process of filing family reunification so that I can go to Denmark, the Danish Government needs 62, 231 DKK as security from her. I have already sent her 30,000 DKK as a gift and wants to send remaining 30,000 DKK as gift too. As she got cash gifts during our wedding and it is her money. So just wants to know if this money that I will be transferring in her bank account, is that TAX LIABLE ? does she have to pay tax on Gift moeny that she received from abroad ? or what is that she can do to explain the authorities there in Denmark that this is her money ! and it is gift from her husband ! Please pour in your answers as am waiting desperately to hear from you all ! Many thanks in advance to all of you !
-
Answer:
According to the Danish Tax Authorities spouses are free to give each other gifts. There is no upper limit on the amount you can give her and she doesn't need to pay tax of the amount received. So all she would have to do is prove is that the money is from you and that you two are legally married.
Altrusit... at Yahoo! Answers Visit the source
Related Q & A:
- How much money can I expect to earn as a community college professor?Best solution by Yahoo! Answers
- If a gross monthly income of a household with 2 kids (with both adults working) is £2K how much will be a tax and NI?Best solution by Yahoo! Answers
- How much money should I make as a personal assistant?Best solution by Yahoo! Answers
- Me and my wife are off to Gambia soon for 2 weeks with b&b, how much money should we take?Best solution by forum.virtualtourist.com
- On average how much money does a Texas farmer spend on fertilizing their crops a year?Best solution by Yahoo! Answers
Just Added Q & A:
- How many active mobile subscribers are there in China?Best solution by Quora
- How to find the right vacation?Best solution by bookit.com
- How To Make Your Own Primer?Best solution by thekrazycouponlady.com
- How do you get the domain & range?Best solution by ChaCha
- How do you open pop up blockers?Best solution by Yahoo! Answers
For every problem there is a solution! Proved by Solucija.
-
Got an issue and looking for advice?
-
Ask Solucija to search every corner of the Web for help.
-
Get workable solutions and helpful tips in a moment.
Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.