Can anyone advise me how to accept money from overseas, and what is the max amount of a gift i can receive and what are the tax implications? This is not from a family member.
A person (any age) can receive €3000 annually from a donor Tax free. Doesn't matter if related or not. If you are married you can each receive the amount. So if you get €3k on 31st.December and then €3000 on Jan 2nd. it is fine. And from as many different people as you like.
A person (any age) can receive €3000 annually from a donor Tax free. Doesn't matter if related or not. If you are married you can each receive the amount. So if you get €3k on 31st.December and then €3000 on Jan 2nd. it is fine. And from as many different people as you like.