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  1. P

    Tax Expert - Charity Set-up For Bankrupt In-laws

    no go Looks like the idea is a no go. Points noted re the moral arguments too, although money wouldn't be for ourselves it would not be for 'the community'.
  2. P

    Tax Expert - Charity Set-up For Bankrupt In-laws

    thanks Ideally, we would not pay tax either side. $10K in charity set up fees would be worth it if we could do it. I would worry they would have to pay tax on gifts from us as it might be counted as "income" for them. They don't get a UK pension because they never paid National...
  3. P

    Tax Expert - Charity Set-up For Bankrupt In-laws

    My inlaws are on the verge of personal and business bankruptcy. They live in the UK, are in their sixties and are not eligible for government benefits (other than maybe a job seekers allowance... but not for the pension). They have zip assets, so their four kids are going to need to help...
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