To: Popman
She will have one helluva tax liability as a gift, if it truly is signed into her name.
16 posted on
08/10/2013 7:35:24 AM PDT by
SgtHooper
(The last thing I want to do is hurt you. But it's still on the list.)
To: SgtHooper
She will have one helluva tax liability as a gift, if it truly is signed into her name. The donor pays gift tax not the donee, so any gift tax will be Cowell's responsibility. My guess is that he will structure it in such a way that it will not be deemed a gift for tax purposes.
22 posted on
08/10/2013 8:09:53 AM PDT by
KevinB
(A country that would elect Barack Obama president twice is no longer worth fighting for.)
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