On 2023-09-25, at 17:26, Yuri Khan <yuri....@gmail.com
> On Mon, 25 Sept 2023 at 21:38, o1bigtenor <o1big...@gmail.com
>> On Mon, Sep 25, 2023 at 8:59 AM Enrico Lamperti <sfr...@gmail.com
>> > 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)
>> 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
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.