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Tax on Irish gift while not Irish tax resident

lambswool · 2021-05-16 22:24:44

I'm resident in Australia for tax purposes and am no longer ordinarily resident in Ireland. If my aunt, in Ireland, wishes to gift me 50k, am I liable to tax? The threshold is 32.5k for aunt. The money would be coming from Ireland. From an Australian perspective, such gifts aren't taxed. I'm wondering about the Irish side…

16-05-2021 10:24pm

#1

lambswool

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Join Date: October 2020

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I'm resident in Australia for tax purposes and am no longer ordinarily resident in Ireland.

If my aunt, in Ireland, wishes to gift me 50k, am I liable to tax? The threshold is 32.5k for aunt. The money would be coming from Ireland.

From an Australian perspective, such gifts aren't taxed. I'm wondering about the Irish side of things. Would it matter if it went to my Irish or Australian account?

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#2 16-05-2021 10:43pm

ThreeGreens

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If your aunt is Irish resident, then you are liable to Irish Capital Acquisitions Tax.

Irish tax applies, if the giver or the receiver is Irish resident.

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