Can I receive a 2nd cash gift from parents?

I am buying my second property shortly and have been offered a cash gift from my father. He previously provided a cash gift for the first property (which I will now let). Apart from the €500k thresehold, which won't be an issue, is there any reason why I cannot receive this tax free?

Not that I'm aware of but you should be aware of the following;

Any gift received in the past or prior to inheritance will be deducted from the treshhold
If you are letting the property within 5 years of purchasing you will be liable to stamp duty clawback.
You will have to pay tax on the rental income. You are allowed deduct expenses See [broken link removed]

Many thanks asdfg. I take your point that the gifts are deductable from inheritance tax. And on the stamp duty clawback within 5 years. This will apply for me alright.

Aside from leaving the property vacant I wonder is there any above the board way of avoiding the stamp duty clawback. As far as I know the main trigger for this stamp duty bill is tenants claiming rent relief and passing landlords PRSI number. I don't think claiming stamp duty on a new home in itself triggers this...?

Any thoughts would be welcome. Cheers.

What triggers the clawback is you renting the place out. Nothing else. If (when?) you don't pay it interest is charged on a daily rate at a punitive rate.

If it's a second property then there will be stamp duty in any case.

Thanks Howitzer. I'm aware that stamp duty is payable if renting if within 5 yrs of exemption alright. I would probably perfer to defer paying for a year say but might not be sensible if paying double figs(?) punitive tax. Definitely would not want to be naughty and avoid altogether. Heaven forbid.