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Gift tax question

  • 31-08-2018 8:50am
    #1
    therecklessone
    Registered Users, Registered Users 2 Posts: 17,213 ✭✭✭✭


    Hi,

    Looking at the CAT thresholds and groups, would it be possible for a disponer to gift to one child, and for that child then to gift an amount to their sibling without being liable for CAT?

    Example:

    Disponer gifts €310,000 to child A (group A threshold, avoids CAT)

    Child A gifts €32500 to their sibling, child B (Group B threshold, avoids CAT)

    Not looking for legal advice, but any opinions?


Comments

  • #2
    therecklessone
    Registered Users, Registered Users 2 Posts: 17,213 ✭✭✭✭therecklessone


    Should have read a bit more before posting...

    This is an example of gift splitting, right? The transfer would be considered as from disponer to child B?


  • #3
    relax carry on
    Registered Users, Registered Users 2 Posts: 4,113 ✭✭✭relax carry on


    therecklessone wrote: »
    Should have read a bit more before posting...

    This is an example of gift splitting, right? The transfer would be considered as from disponer to child B?

    Yes it's gift splitting.


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