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Cash Gift

  • 08-11-2012 9:18pm
    #1
    TokenWhite
    Registered Users, Registered Users 2 Posts: 187 ✭✭


    Just a quick question. Are cash gifts between family members, say 800k between father and son, subject to CGT? Or any other tax for that matter?


Comments

  • #2
    Legend100
    Registered Users, Registered Users 2 Posts: 736 ✭✭✭Legend100


    Not sure if giving an answer to this will be specific advice (don't want to get a ban) so i will keep it very simple for you.

    1) CGT - no as it is cash
    2) Capital Acquisitions Tax - yes

    If a mod allows it, I will expand for you :)


  • #3
    TokenWhite
    Registered Users, Registered Users 2 Posts: 187 ✭✭TokenWhite


    No that's fine, all I needed to know. Thanks!


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