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Mortgage gifts.

darren33 · 2022-04-10 21:07:47

Hi everyone I have saved so much for a mortgage and my brother is happy to gift me 20k on top. Is that tax free as it's my first ever gift or enheritance. Also will my brother be investigated it's clean hard earned money already taxed will he have to sign anything or is it as simple as a straight transfer. Thanks everyone

10-04-2022 9:07pm

#1

darren33

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Hi everyone I have saved so much for a mortgage and my brother is happy to gift me 20k on top. Is that tax free as it's my first ever gift or enheritance. Also will my brother be investigated it's clean hard earned money already taxed will he have to sign anything or is it as simple as a straight transfer. Thanks everyone

Post edited by Spear on May 2022

0

Comments

#2 10-04-2022 9:12pm

Shield

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https://www.boards.ie/discussion/2058241114/mortgage-gifts

Hi there.
Try asking our Taxation forum below:
https://www.boards.ie/categories/taxation

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#3 10-04-2022 9:12pm

walshb

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It’s free of tax I believe. Up to 32k I think siblings can gift before revenue tax it. Your first gift. So it’s below the tax threshold

1
#4 10-04-2022 9:17pm

darren33

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Thanks very much

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#5 10-04-2022 9:20pm

Shield

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OP has successfully posted in the correction forum. Discussion closed.
-Shield.

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This discussion has been closed.