Small Gift Exemption Kildare, Ireland
Parents or grandparents can gift a child €3,000 per annum each. A savings plan set up correctly, can records these gifts. This is know as a small gift exemption.
You may receive a gift up to the value of €3,000 from any person in any calendar year without paying Capital Acquisitions Tax (CAT).
This means that you may take a gift from several people in the same calendar year and the first €3,000 from each disponer is exempt from CAT.
See below the following Small Gift Exemption Kildare threshold table.
Parents or grandparents can gift a child €3,000 per annum each. A savings plan set up correctly, can records these gifts. This is know as a small gift exemption.
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