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Tax implications for cash gift from parent to child living in UK

squeeze · 2005-10-13 09:36:35

My elderly mother wants to give a sizeable gift to each of her children. She wants to lodge this to our Irish bank accounts. I am working in the UK and paying PAYE to the Inland Revenue but am also 'Ordinarily Resident' for tax purposes in Ireland as I have only been here a little over a year. Does anybody know what the…

13-10-2005 9:36am

#1

squeeze

Registered Users, Registered Users 2 Posts: 9 ✭

Join Date: May 2003

Posts: 7

My elderly mother wants to give a sizeable gift to each of her children. She wants to lodge this to our Irish bank accounts.
I am working in the UK and paying PAYE to the Inland Revenue but am also 'Ordinarily Resident' for tax purposes in Ireland
as I have only been here a little over a year.

Does anybody know what the tax implications would be given the fact that I am working in the UK?

0