Gift to Father

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].

Why are you gifting himthe money?
Could it beeasier to loan him the money
Then there is no gift and no gift tax

stuart@buyingtolet.ie

spot on stuart, I was about to ask 'why'.