Your maternal uncle can gift you funds as long as you have a gift deed which is properly executed. You only need the following:
Your back statement,
gift deed signed from your uncle
Assets that cannot be readily liquidated cannot be used for PoF, so you cannot use property as PoF.
Hello Sir, thank you so much once again. Now that once confusion is cleared, i am hit by another hiccup. My uncle has already loaned his money and hence cannot help me. So i have come up with some options. Please have a look and advice which could be the better solution.
1. My father and mother has lent money unofficially in interest. They collect their money, deposit it my father's account and then transfer it to my account and make a gift deed.
2. My father mortgage one of our property in bank and take a loan and transfer the money via cheque to my bank account. (It is a lengthy option)
3. My father and mother give money to my uncle and my uncle transfers the money via cheque to my account. I mentioned this option just in case CIC would like to see the source of my uncle as well in future. Since he recently retired from govt. job, so proof will not be a problem.
4. My brother-in-law send money from Spain via unofficial channel (officially he can only send 2000 euros every 2 months) to my sister here and she transfers that money to my bank from her bank and support with the gift deed.
Does it matter how the money was collected by the person who gives it as a gift, whether borrowing from bank or their savings or collecting the amount that was lent to others? Like you mentioned, bank statement is not required of the person who gives the money as gift. As i have the money with the gift agreement and i do not have to return it in any circumstance, will that get the job done? Also do i need to make the relationship certificate with the person who gifts money and also include their citizenship? Thank you very much once again in advance and have a good day
Kind Regards
Ramesh
