Forum General If I receive a gift of 400 K from my father in cash, is there any tax implication for me?

Forum General If I receive a gift of 400 K from my father in ...

Forum General If I receive a gi...

  • #1304
  • #1384
    MoneySmart Singapore

    Posts: 31

    Joined: Jun 27, 2014



    as far as we know, there is no requirement for this amount to be taxed if it is a gifting from your family member. However this amount of cash was generated, it would have already been subjected to tax already.

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