misstealeaf
Registered User
- Messages
- 93
Infoseeker I should have clarified. I have exceeded the threshold due to an inheritance so for he purposes of previous gifts received I was going to say that the previous taxable value was 13K as outlined above even though the full amount went into my account it was used to buy a house with my husband and the intention of my parents was that it was a gift to both of us so that's why i am deducting off 2 3K's for my husbands gift from my parents.
Would this be ok do you think?
An inheritance from who?
Audi Driver, yes...a person can give another person €3k per year, so yes - €6k per couple. It just needs to be clear that it's from both (so either €3k clearly from each or €6k from their joint a/c).
This is what it says on the revenue page. This suggests to me that a person can only receive one gift of €3k tax free?
- the first €3,000 of all gifts taken by a donee from one disponer in any calendar year
I am seriously considering giving my Sister €3,000 each year tax free rather than waiting until I die which hopefully will be a long time from now.
Do I have to return any paper work to the revenue or can I just start this year and give my sister €3,000 and then €3,000 in 2016,2017 etc. and stop a year and continue the next if i want?
Yes, that's the whole point of her question!So the OP is receiving a gift from her parents but so is her husband. Can the husband receive any tax free gift, so reducing the overall tax bill?
I rang Revenue today with my question above, and the answer is that the first €3k from any one disponer to one disponee, in a calander year, does not count towards the lifetime group aggregate of the disponee. So in my example, the son's lifetime Group A aggregate by the end of 2015 would be €222,000.
I rang Revenue today with my question above, and the answer is that the first €3k from any one disponer to one disponee, in a calander year, does not count towards the lifetime group aggregate of the disponee. So in my example, the son's lifetime Group A aggregate by the end of 2015 would be €222,000.
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