Form 12 gift

[DirectDevil]

Presently filling out Form 12 for 2011 and dont know how to answer question 68.
In 2011 my mother gave me a gift of €12,500. I received no other gifts from any other source in 2011.
How do I enter this on form 12.
I take it that have an exemption of €3,000 and that I have no liability anyway as this is within Group A.

 

[WindUp]

Think you mean 67

CAPITAL ACQUISITIONS IN 2011​

67 - If you received a gift or an inheritance in 2011, insert T in the box


just tick the box - unless you have received other gifts from your mother/father over the years bringing you close to the group "a" threshold no further action is needed

 

[DirectDevil]

You are right !
What do I enter in section 68 in order to report the gift correctly? I just want to be sure as I never dealt with this point before.

 

[WindUp]

nothing for the gift you received --- 68 is for CGT ---capital gains tax if you sell property shares etc