Gift to Father

C

chlc

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What CAT implications occur, if I gifted my father €150k .I think I can gift him €46k without any implications, any insight would be appreciated.
 
Yes - you can gift a parent €47,673 (aggregate over time - not an annual exemption!) tax free and anything in excess of that is subject to gift tax of 20% payable by your father. See and [broken link removed] for more on this. Perhaps an independent, professional tax advisor could advise you on the most tax efficient way to
 
Hi Chic,
If your father is over 65 years old you may look into the tax advantages of making some of the gift as a [broken link removed].
 
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