A Builder, in a new Housing Estate, is offering anybody who buyes a House from him a Cheque for €12,000 when they collect the key. Could this lead to Tax further down the line? Max Gift €3,000 per year??
It is a friend who is considering buying a house in this estate.
They phoned the Revenue and the Revenue stated that any amount over €3,000, given to person, in One Year is added to your "Treshold" for life. "Treshold" is Approx €25,000 at present.