Often the loan from the family ends in problems with the tax office. What to do so that the tax office does not block the account on 05/02/2022]

Ignorance of the law is harmful and not an excuse or even a mitigating circumstance. We often find that in financial matters – even when they are settled on private grounds, even in the immediate family, it turns out – and worse when over time – that even there the tax authorities have a vision. So we must realize that sometimes tax has to be paid even on wedding or sacrificial gifts. There are still other tax rules governing loans. In the latter case, there is also an aspect of debt repayment – when the debtor is reluctant to return the money or does not intend to return it at all, assuming that the dispute will remain in the family anyway, and will not knock on the record. at his door. So let’s get acquainted with these regulations – to find out the law now and “in advance”. So what should we do to safely borrow money from relatives and relatives?

Echo Richards

“Infuriatingly humble musicaholic. Problem solver. Reader. Hardcore writer. Alcohol evangelist.”