The €100k is not taxable but will count towards your inheritance threshold of €310k
The 3k annual gift exemption applies to anyone, so for example if your were married and had 2 kids, your father could give 3k to each of you per year, and your mother could do the same, so (3k x 4) x 2 = 24kThanks. One other question. I'm reading about gift tax exemption, but unsure as to the exact rules. Is it only direct children that can receive gifts from parents? (e.g. €3k each from both parents). Or are in-laws and grandchildren included as well? This page seems to indicate that spouses and grandchildren are also inluded (see Example 1)
The 3k annual gift exemption applies to anyone, so for example if your were married and had 2 kids, your father could give 3k to each of you per year, and your mother could do the same, so (3k x 4) x 2 = 24k
If a payment was to come from the mother, is there proof needed that the monies actually belong to her? what's to stop the father just lodging money into her account and then that money used as gifts?
And lastly. If, for instance, I was to receive inheritance money today (e.g. €100k), I assume I would still then be allowed to receive these gift payments and it wouldn't affect my threshold?
Now we know what to get you for ChristmasCan you define per calendar year please? Can I give €3000 now in December 2019 and another in January 2020 without tax?
Now we know what to get you for Christmas
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