"Gift" for deposit

Curious me

Registered User
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Hi,
Am a bit confused over something, hopefully someone can help me out. My boyfriend received €20,000 from his parents to help us out with our deposit. I believe we are under the threshold for "gift" tax:confused: . Is there any implication for his parents? Also is that the only tax free gift he can then receive from them?
Have looked at revenue site, it doesnt make a whole lot of sense though!
Thanks
 
We got "gift" for deposit, all we had to supply was letter stating it was a "gift" and not repayable and mortgage went through no bother. No implication for parents. Not sure if you cn recieve one again but to be honest I think 20K is enough give aways
 
Your boyfriend can receive up to €466,000 roughly from his parents tax free. You can only receive up to €23000 roughly from his parents tax free. The 20,000 will be taken into consideration as part of those thresholds for future gifts/inheritances.
 
Thanks for advice Vanilla and Cbeeb. Yep €20,000 is enough for a gift I agree! Was checking out all possibilities and wording for mortgage letter, just incase.
 
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