N Nutso Registered User Messages 639 15 Dec 2016 #1 If I give a loan to someone, can I write 3k per annum off the balance as a gift? Thanks
N Nutso Registered User Messages 639 18 Dec 2016 #2 http://www.irishtimes.com/business/personal-finance/q-a-dominic-coyle-1.2088393 For anyone interested in the answer to this, this link seems to suggest that it's possible as long as loan interest is also applied to the balance.
http://www.irishtimes.com/business/personal-finance/q-a-dominic-coyle-1.2088393 For anyone interested in the answer to this, this link seems to suggest that it's possible as long as loan interest is also applied to the balance.
J john luc Registered User Messages 482 18 Dec 2016 #3 I have considered this method as a way of reducing a future inheritance amount that could exceed the threshold when the time comes. A sum of €90K has being handed over so I plan to return €3K each calendar year.
I have considered this method as a way of reducing a future inheritance amount that could exceed the threshold when the time comes. A sum of €90K has being handed over so I plan to return €3K each calendar year.