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Forgiveness of Debt - Forms

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Deed of Forgiveness of Debt

 

This topic should be read in conjunction with our topics on gift duty, trusts and consideration.  We set out those direct links below.

 

Gift Duty

 

Trusts


Consideration - An essential part of a contract

 

We assume you are reading this topic because you want to know what sort of documents you need to use to ensure that you can gift $27,000 per year (which is the maximum) without attracting gift duty.

 

A Simple Debt

 

If you have gifted some money to a friend and

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Feedback/Reviews/Blogs
Feedback/Blogs/Reviews from related topic: Consideration - An essential part of a contract
"I was charged $600 by a lawyer for an annual gift statement !!! and now I find out from you guys that I could have done it myself for next to nothing. I am gobsmacked. This sort of site should be more widespread. Sure, we might need some lawyesr sometime but your site provides simple basic information which is very useful. Thanks. Betty G Southland May 2007"
Feedback/Blogs/Reviews from related topic: Consideration - An essential part of a contract
"Helpful . . . Muriel"
"Gosh these Trust documents are so long. There should be shorter documents. but I suppose they are necessary. But good of you to include so many docments in your site. We have been helped by your wills sites too. John Mc."
"Bloody Hell! You provide us with the documentation as well! This is great stuff. I will still use a lawyer but I now have enough information to make some informed decisions myself.
Kevin M - Hamilton"

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