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STOCK EXCHANGE ORDER FORM Identification of the securities account:OBOB08/2024This document must be returned completed, signed and accompanied by the requested supporting documents, otherwise it cannot
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What is hand-to-hand gift?
A hand-to-hand gift refers to a direct transfer of assets or gifts between individuals without any intermediaries. This can include cash, physical items, or property passed directly from one individual to another.
Who is required to file hand-to-hand gift?
Individuals who give gifts exceeding a certain monetary value during a tax year may be required to file hand-to-hand gift tax returns. This typically includes the donor of the gift.
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To fill out a hand-to-hand gift form, individuals must provide information including the names and addresses of both the donor and the recipient, details of the gift, its value, and the date of the transfer.
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The purpose of a hand-to-hand gift is to transfer assets without a sale or service in exchange, and it may also serve to reduce the donor's taxable estate or provide financial assistance to the recipient.
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The reported information includes the donor's name and address, recipient's name and address, description of the gift, its fair market value, and the date of the gift.
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