Can I use the Monetary deed of Gift Form - Property purchase for a cash gift not intended for property purchase?
I want to make a monetary gift to a family member which I want to record using a deed of gift form.
Answer
Answered: 30 November 2024
Hello Simon,
The answer is no. For a cash gift you need a Monetary Deed of Gift which can be purchased on our sister website: https://www.thelegalstop.co.uk/Business/Monetary-Deed-of-Gift.html
The MONETARY DEED OF GIFT - HOME PURCHASE shall be used only when money is given to buy a house as it contains a Solvency Statement of the donor.
The Legal Stop
Expertise: Legal Services
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