>Footballer Achraf Hakimi's wife filed for divorce and demanded half of his property.
>She was however informed by court that her "Millionaire' husband owns nothing as all his property is registered under his mother's names.
>Hakimi receives €1 Million from PSG monthly but 80% of this is deposited in his mother Mrs. Fatima's account.
>He has no property, cars, houses, jewelry or even clothes in his name.
Anytime, he wants anything, he asks his mother who buys it for him.
UK has a gift tax. Only up to £3000 per annum is tax free
That's sort of true, it's a 3k allowance per year relating to inheritance tax. So if you give someone 6k and die 2 years later, no tax. You give them 9k and 3k is taxable.
After 7 years it all becomes exempt.
It's basically to stop people bypassing inheritance tax by giving it all away.
So if you give it all away 7 years before you die then you don't pay tax on it?
That's my understanding 🤷