‘I'm addicted to helping others’: EuroMillions winner gives away half her €130m fortune - Tax?

The Continental Op

Noticed this on Breaking news link for anyone interested.

So my question is if she hypothetically gave me €10,000 towards a deposit for a house as a friend not a family member would I be liable for Tax on that 10k?

I assume I would. If so a bit silly to say you have been giving that amount of money away to friends and family. Is that 60 million the tax man would like to know more about, except of course for that given to trust funds.

Allinall

You can receive a cumulative €16,250 from any random person or persons during your lifetime and pay no tax on it.

pjdarcy

https://www.citizensinformation.ie/en/money_and_tax/tax/capital_taxes/capital_acquisitions_tax.html

Stratvs

There's also the Small Gifts Exemption

https://www.revenue.ie/en/gains-gifts-and-inheritance/cat-exemptions/small-gift-exemption/index.aspx#:~:text=You%20may%20receive%20a%20gift,disponer%20is%20exempt%20from%20CAT.

The Continental Op

Obviously giving money away (or rather receiving it) is easier than I thought :-)

sam t smith

Is it too late to send her a begging letter?