Daughter going abroad to study

T

taxadvisor

Registered User
Messages
16
Any ideas on a Tax effective way of paying money to my daughter (24 yrs) who has given up work to go and study in the UK for 3 yrs. I am a company director.
 
CAn you employ your daughter in your business during her holidays??
 
You can pay her €3000 a year gift tax free
Your wife could also pay her €3000 a year tax free
therefore total €18K
any amount over that amount will eat into her tax free threshold if not already used up
I agree with employement during summer just make sure she actualy does work maybe make her a director and wages are not excessive
 
bazermc said:
I can see some people still have trouble doing maths in their head
Click to expand...

No I'm good at doing maths in my head...it's the eyesight I'm worried about. In fairness though, you didn't say 3K + 3K a year over 3 years in your post...or did you? hmmmm
 
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