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Do I need to declare support money from parents on my tax return?

Posted 28 October 2015 under Tax Questions



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Jean says:
28 October 2015 at 21:45

Do I have to declare the support money that I received from my parents before I registered for tax and started working?

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TaxTimTaxTim says:
28 October 2015 at 22:32

No, they are supporting you as a financial dependent and therefore there will be no tax consequences and you will not need to declare it.


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