Taxpayer Responsibilities

PT – July 2023 – L2 – Q5c – Income Tax Liabilities

State the details required for a taxpayer to file a return when receiving a gift.

Question

When a gift is received by an individual, and that gift is not in respect of business and employment, the taxpayer shall within 21 days of receiving the gift submit to the GRA in writing a return containing certain information.

Required:
In reference to the above statement, state FOUR (4) details the taxpayer must provide when filing a return for a gift.

Answer

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Tags: Gift tax, Tax Filing, Taxpayer Responsibilities
Level: Level 2

Topic: Income Tax Liabilities
Series: JULY 2023

Question Tag: Taxpayer Responsibilities

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PT – July 2023 – L2 – Q5c – Income Tax Liabilities

State the details required for a taxpayer to file a return when receiving a gift.

PT – July 2023 – L2 – Q5c – Income Tax Liabilities

State the details required for a taxpayer to file a return when receiving a gift.

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Question Tag: Taxpayer Responsibilities

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PT – July 2023 – L2 – Q5c – Income Tax Liabilities

State the details required for a taxpayer to file a return when receiving a gift.

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PT – July 2023 – L2 – Q5c – Income Tax Liabilities

State the details required for a taxpayer to file a return when receiving a gift.

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