Peppol deadline: 01-01-2026
00

Avoid fines

Peppol deadline: 01-01-2026
00

Avoid fines

Community

Gift and/or loan from family for start-up

FD
24/10/2023
Question

How can and may a family member (parents-in-law) do a gift/donation to the sole proprietor to purchase large equipment? Can this be done without any consideration in return, or is it best to draw up an agreement with consideration in return?

Or is a win-win loan better in this case?

A win-win loan is useful because the donor can claim it for tax purposes. On the other hand, if someone wants to give or lend you £1,000 and there are no additional costs involved, you do not necessarily have to process this for accounting purposes.

Ask a question
Ask your question to the Dexxter community with over 25.000 sole traders and verified Dexxter experts.

30-day free trial. No credit card required.

You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.

Community

Other questions from the community

Pricing and accounting for exclusive products
How do I draw up an invoice for a private person in America?
Purchases – trailer
invoice templates
Submitting renovation costs
What is the personal income tax rate on income since October under the statute as an employee?
Pass-through costs
Dishwasher office/private: what percentage can be claimed as an expense?
Summary of rejected expenses

Helaas! Onze community is momenteel enkel toegankelijk voor mensen die een proefperiode op Dexxter starten