J Jollygood Registered User Messages 12 24 Jun 2013 #1 My mother wants to gift me some money, she's in the UK and I'm over here. Will I have to pay tax on this if it's over a certain sum or can I just lodge it into my account? Thanks a mill in advance.
My mother wants to gift me some money, she's in the UK and I'm over here. Will I have to pay tax on this if it's over a certain sum or can I just lodge it into my account? Thanks a mill in advance.
J Joe_90 Registered User Messages 2,222 24 Jun 2013 #2 There is a threshold parent to child that is exempt the balance is taxed. http://www.revenue.ie/en/tax/cat/gift-inheritance.html
There is a threshold parent to child that is exempt the balance is taxed. http://www.revenue.ie/en/tax/cat/gift-inheritance.html