Linky says: 20 January 2016 at 15:07 I want to pay GAP cover for my dad - he is the main member of the scheme and I the payer. Will he be taxed on the premium of the gap cover as income? |
TaxTim says: 20 January 2016 at 15:39 The payment of the GAP cover should have no tax implications. Even if you transfer the amount to him directly and then he pays it, it could be classified as a donation which would not attract tax in the hands of the recipient. |