If you've received gifts in the form of cash, property, or valuable items, you can report them under Gifts & Inheritances. Recording them correctly ensures they are considered appropriately while preparing your income tax return.

Before You Start

• Where to find it: Go to Incomes → Other Incomes → Gift Income.

• Gift categories: Quicko allows you to record three types of gifts:

  • Immovable Gifts – Land, buildings, or other immovable property.

  • Monetary Gifts – Cash or money received as a gift.

  • Movable Gifts – Jewelry, electronics, gift cards, and other movable assets.

Add Gift Income

1. From the left sidebar, go to Incomes and select Other Incomes.

2. Select the type of gift from the Exempt Income dropdown:

   • Immovable Gifts – Real estate such as land or buildings.

   • Monetary Gifts – Money received as a gift.

   • Movable Gifts – Jewelry, electronics, gift cards, and similar items.

3. Enter the value of the gift.

4. Click Save.

Once saved, the gift will appear on the Gifts & Inheritances page. You can add more gift entries by clicking Add again, or edit or delete an existing entry using the menu next to it.