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Treasury Confirms that Giving Money to Children or Parents Does Not Force Taxes
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Financial support within a family is a frequent practice, when one of its members decides to start or needs to sustain his activity as an autonomous. And even vice versa: if he does well with his business and helps his relatives in a timely manner in the face of a possible economic problem. A recent consultation of the Directorate General of Taxation has confirmed that donating money to a family member does not generate taxation in the IRPF for …
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