AMENDMENTS TO CAPITAL ACQUISITIONS TAX TREATMENT OF RECEIPTS TO CHILDREN FROM THEIR PARENTS
A child has a lifetime tax free threshold of €225,000 (as at 2015) in respect of gifts and inheritances taken from their parents. In addition the first €3,000 of gifts to a child in any year is exempt from CAT under the annual small gifts exemption. Section 82(2) of the Capital Acquisitions Tax Consolidation … Read more AMENDMENTS TO CAPITAL ACQUISITIONS TAX TREATMENT OF RECEIPTS TO CHILDREN FROM THEIR PARENTS