Getting money from overseas

[WICHITA]

Re: Key Posts

Can anyone advise me how to accept money from overseas, and what is the max amount of a gift i can receive and what are the tax implications? This is not from a family member.

 

[ClubMan]

Re: Key Posts

Can anyone advise me how to accept money from overseas

Bank (electronic/wire) transfer?
Cheque?
Western Union or similar (high charges?)?
PayPal?
www.xetrade.com ?

and what is the max amount of a gift i can receive and what are the tax implications? This is not from a family member.

See here for Irish Capital Acquisitions (Gift) Tax exemption limits.

[broken link removed]
[broken link removed]

 

[mercman]

A person (any age) can receive €3000 annually from a donor Tax free. Doesn't matter if related or not. If you are married you can each receive the amount. So if you get €3k on 31st.December and then €3000 on Jan 2nd. it is fine. And from as many different people as you like.

 

[dicey_reilly]

A person (any age) can receive €3000 annually from a donor Tax free. Doesn't matter if related or not. If you are married you can each receive the amount. So if you get €3k on 31st.December and then €3000 on Jan 2nd. it is fine. And from as many different people as you like.

Yes - these are known as FFM* donations.

Dicey

* Friends from Manchester

 

[jwestave]

great advice