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.

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:

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