When is a gift not a gift?

A gift is not a gift when there is a legal or contractual obligation to do something, or something is expected in return such as an interest in a property.

Similarly, if a condition is attached to the gift, it is likely not to be a gift if that condition is not met. For example, if a parent gives money to a couple to buy a property conditional upon their marriage; they may be entitled to ask for the money back if the marriage does not go ahead.

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This website is not intended to offer legal advice so do not act upon any of its content without taking specific advice.

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