Payment reference must always be written as "GIFT24" where allowed and must be from individual/personal bank accounts.
This is to prevent any tax complications. If not complied, the gift will be left as pending for further action.
More importantly, please ensure you are not compromising your standards of living and not expecting anything back from me and/or your "gift". This includes goods and/or services.
Any payments received with reference "GIFT24", it will implicitly be deemed as the person:Â
Having mental capacity .
Having permission to perform the transaction (e.g. Agent with Power of Attorney has also consented or not required for transaction).
Having read and understood the above requirements, including not compromising the standards of living and not expecting anything in return.