Hi,
I retired a few years ago, I also ran my own company.
I gave my son some money to make an investment out of my companies account. It was a gift, not a loan, we didn't sign any papers agreeing to pay the money back or anything.
He's quietly confident that the investment will make him some money, he just wanted to know the easiest method for paying the correct amount of tax.
Will he need to file tax returns or would it be easier for the money to be taxed through my company?
Thanks
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