If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Possible tricky situation - Tax Q's

gidxg03 · 2006-10-05 07:43:20

I just wanted to check if anyone had any advice on the following situation. We have just sold a site we bought some years ago as we are planning to emegrate next year. We will be paying the CGT on the profits this month. However my parents have also come into some money and want to give us a gift of €20K for us emegrating.…

Options

05-10-2006 8:43am

#1

gidxg03

Closed Accounts Posts: 7 ✭

Join Date: February 2002

Posts: 3

I just wanted to check if anyone had any advice on the following situation. We have just sold a site we bought some years ago as we are planning to emegrate next year. We will be paying the CGT on the profits this month. However my parents have also come into some money and want to give us a gift of €20K for us emegrating. With our current situation will the tax office have any issues with the gift?

0

Comments

Options
#2 05-10-2006 8:47am
Victor

Registered Users Posts: 78,372 ✭✭✭✭

Join Date: December 2000

Posts: 68736

Different tax, gifts are subject to Capital Acquisitions Tax, which has very generous limits, especially from parent to child.

0