My parents have offered me €30K. Do I pay tax on it?
My parents will pay a deposit on an apartment for me. What are the tax implications?
The first €3,000 of the taxable value of gifts received from any one disponer in each calendar year is exempt from tax.
My parents have offered to give me a €30,000 deposit to buy an apartment. What are the tax implications of this?
A gift of €30,000 from your parents could potentially be liable to capital acquisitions tax (CAT). CAT would be payable by you, the beneficiary of the gift. A charge to CAT applies in the following circumstances: