Small Gift Exemption
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 having to pay 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 threshold table.
Gwen Clarke Financial Services Ltd’s team of experts offers a wide range of services, including investments, pensions, corporate pensions, mortgages, and life protection. We understand that each of our clients has unique financial needs, which is why we tailor our services to meet your specific requirements. Our goal is to help you achieve your financial goals by providing you with personalized advice and guidance every step of the way. Whether you’re looking to invest for the future, secure a mortgage, or protect your loved ones, we can help. Contact us today to learn more about our services and how we can assist you in your Small Gift Exemption and in securing your financial future!
