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Small Gift Exemption CAT Loophole?!

  • 26-10-2011 11:32am
    #1
    fe1sagain
    Registered Users, Registered Users 2 Posts: 51 ✭✭


    I'm sure somebody here could clarify this for me. Asked lecturer but couldn't give definitive answer.

    With the Small Gift Exemption of €3000 per year per disponer would it be possible for your parents to give you €333k appox up to your group A threshold and then give you another €300k by giving 100 people €3000 and therefore the 100 people are exempt under SGE, but then for that 100 people to give €3000 to you at a later date within the year. Then you can take the €300k tax free under the SGE from each of the 100 people.

    Hope thats not too confusing?!


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