gift from parents

D

d_red

Guest
I want to buy my first home. My parents are willing to give me a gift of around €150000. I am buying this house with my girlfriend. If my parents give me the gift, what are the tax implications for my girlfriend?

Thank you,
D
 
If they just gift you (yourself) the money then it should be exempt from gift tax under the Capital Acquisitions Tax exemption rules. There should be no tax implication for your girlfriend as far as I know since the money is then yours even though it was gifted prior to the house purchase. If the were lending you the money then there may be tax implications for the house purchase.
 
that's great they are helping you out, is your girlfriend going to sign something saying you've 150,000 more in the house than her to protect yourself in the future if you did break up? or i am just to wary and heard to many horror stories? :(
 
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