Hello
I understand that you do not pay CAT on a gift with a value of €3,000 or less from any one person in any one calendar year.
Does this mean however, if person A wants to gift B more than 3k in a year, they could gift other 3k amounts to C, D etc. who in turn gift the same amount to B in the same year, that no CAT liability arises?
Thanks
I understand that you do not pay CAT on a gift with a value of €3,000 or less from any one person in any one calendar year.
Does this mean however, if person A wants to gift B more than 3k in a year, they could gift other 3k amounts to C, D etc. who in turn gift the same amount to B in the same year, that no CAT liability arises?
Thanks