On 2023-09-25, at 17:26, Yuri Khan <[email protected]> wrote:
> On Mon, 25 Sept 2023 at 21:38, o1bigtenor <[email protected]> wrote: >> On Mon, Sep 25, 2023 at 8:59 AM Enrico Lamperti <[email protected]> wrote: >> > >> > I believe it's still income, but you can put it in a different category (I >> > use Income:Other, maybe Income:Gifts could work if you believe you'll be >> > gifted money often) Definitely income. >> As soon as you even think of calling it 'Income' the tax man wants his hunk. IANAL, and it obviously varies with the country, but in my country (Poland) a gift is exempt from tax unless it's really valuable, and there are 3 thresholds above which it becomes taxable - the highest threshold is for the closest family members and the lowest one for non-relatives. I imagine similar laws may exist in other countries. > There is a specific term “taxable income”, which suggests that not all > income is taxable. > > Depending on local laws, gifts could also be taxable. > > Depending on local laws, different sources of income could be taxed at > different rates. > > Therefore, consult the laws and maybe file gifts as tax-exempt income. Exactly. -- Marcin Borkowski http://mbork.pl -- --- You received this message because you are subscribed to the Google Groups "Ledger" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/ledger-cli/874jjit69g.fsf%40mbork.pl.
