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Financial gifts to a child

josip · 2024-07-01 16:11:01

We have been gifting €3000 to our daughter for a number of years. Is there any restriction to who can gift her money? Her aunt has asked if she can also gift her some money. Does the gifter have to be resident in Ireland? Her grandmother who lives abroad would also be interested.

01-07-2024 5:11pm

#1
josip

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We have been gifting €3000 to our daughter for a number of years.
Is there any restriction to who can gift her money? Her aunt has asked if she can also gift her some money.
Does the gifter have to be resident in Ireland? Her grandmother who lives abroad would also be interested.
https://www.revenue.ie/en/gains-gifts-and-inheritance/cat-exemptions/small-gift-exemption/index.aspx

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Comments

#2 01-07-2024 5:18pm
y0ssar1an22

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no, anyone can gift 3000 to any other person tax free (just be aware of the anti avoidance rules if you gift 3k to person A and that person then re-gifts it to your daughter).
no. this is a CAT exemption so only applies to who receives the gift.
as an aside, you and your partner can both gift 3k per year, so 6k total to your daughter.

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