Gift tax from UK to Irish account?

Kai123

My mother recently sold her house and has a bit of cash to spare for myself. She lives in the UK.

She sent 2k electronically so I could go to college. She is under the impression that if she sends anymore she will be taxed on it. She is coming over to Ireland soon so if she writes a cheque here, would that avoid paying tax? Or should she send it electronically?

Its less then 10k. I have done a bit of research on this but sites dictating EU laws say there should be no tax, while on UK sites they say it will suffer a gift tax.

Any help will be very much appreciated.

Kai.

nompere

Kai123 wrote: »

My mother recently sold her house and has a bit of cash to spare for myself. She lives in the UK.

She sent 2k electronically so I could go to college. She is under the impression that if she sends anymore she will be taxed on it. She is coming over to Ireland soon so if she writes a cheque here, would that avoid paying tax? Or should she send it electronically?

Its less then 10k. I have done a bit of research on this but sites dictating EU laws say there should be no tax, while on UK sites they say it will suffer a gift tax.

Any help will be very much appreciated.

Kai.

The UK Revenue don't tax lifetime gifts unless the donor dies within seven years of making the gift.

The Irish Revenue don't tax gifts from parent to a child until the total of gifts exceeds €414,799.

The Irish gift tax code has a small gifts exemption of €3000 per beneficiary per year.

The manner of making a gift, whether by transfer or cheque-writing, makes absolutely no difference to the principles.

The EU have nothing to do with gift tax either here or in the UK.

Kai123

What is the rate once passed 3k?

Kai.

nompere

Kai123 wrote: »

What is the rate once passed 3k?

Kai.

€0 to €414,799 is charged at 0%. Only then does it become 25%.