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  • #46
    Re: UKARA Rules...

    the confusing part of the act is gifting of rifs .where they are over 18 and no money changes hands
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    • #47
      Re: UKARA Rules...

      Originally posted by baddbaz View Post
      the confusing part of the act is gifting of rifs .where they are over 18 and no money changes hands
      It's not really. If it's truly a gift, i.e. the receiving party isn't exchanging anything of value whether that be money, other property or their time etc, then there's no issue. If on the other hand the receiving party is expected to do or give something in exchange for the RIF then it's a sale and the normal VCRA rules apply. Also I don't think that the receiving party has to be over 18 when being gifted a RIF.
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      • #48
        Re: UKARA Rules...

        Originally posted by Fil View Post
        Also I don't think that the receiving party has to be over 18 when being gifted a RIF.
        Correct.
        The only age limit in the VCRA is on buying an IF (which includes RIF in this case).
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