A gift letter is a piece of legal, written correspondence explicitly stating that money received from a friend or relative is a gift. Gift letters are important when it comes to paying a real estate down payment, for example, because lenders tend to frown upon borrowers using additional borrowe...
A better approach might be to have her go directly to her local Apple store and trade in her iPhone 7 and get help with transferring the data. See this for detail: Turn the device you have into the one you want Then, you can send her the money for the balance that she had to pay...
You may be better off giving your relative the money to buy one in his country. Additionally, the warranty may not be valid in another country. Here is a link and excerpt to the US Applecare: https://www.apple.com/legal/sales-support/applecare/applecareplus/docs/applecareplusnaen.html Ser...
Can Shares be gifted to a friend? If the monetary value of the gift is up to INR 50,000, it is t exempt as per Sec 56(2)(vii). If the monetary value of the gift is more than INR 50,000, it is taxable in the hands of the receiver as Income From Other Sources and taxed at...
National Family Mortgage has developed a safe and easy way for families to structure real estate loans with their relatives – thereby helping people arrange affordable loans, while reducing tax issues, protecting relationships, and keeping money in the family. National Family ...
On the other hand, some may be more expensive but do not offer better quality. Therefore, it is important to choose a bear that is not only affordable but also offers the best value for the money. Consider the size, features, brand reputation, and reviews to determine the bear's value....