Advice needed about 50k Gift from my parents

D

DeeKie

Registered User
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I may receive a 50k gift from my parents soon. At a later stage they might leave me enough to exceed the tax free threshold. I was thinking of asking each to give me 3k this year. Then the balance next year. To gain some advantage of the same gift exemption. That makes sense right?
 
You could call it a €50k loan where you pay back €6k per year.

Do you have a partner or kids? The €3k per person per year can be given to anyone.
 
I think that the risk of a loan is that an unexpected death means that the amount is in the estate. Great point regarding the children and their gift allowance. Thanks
 
Are you allowed to break into your kid's piggy bank to purloin the grandparents gift of € 3,000 to their grandchild?
 
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