machalla said:I believe that there shouldn't be a tax bill involved as you can transfer between parent and child up to about €420,000 in a lifetime.
mf1 said:Theres something floating around in the back of my mind (I'm tired, its been a busy day so vaguer than usual!!) that the CAT threshold is less from child to parent for a gift, than the other way around.
mf1 said:Thanks for that Clubman - that confirms my concerns i.e. that the threshold for gifts from child to parent is only E46673.00
* In certain circumstances a parent taking an inheritance from a child can qualify for the Group A threshold.
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