Gift: Company To Individual

[KBIreland]

What is the most tax efficient way for the 100% owner of a limited company to gift a net amount of €3,000 per year to their child from company funds so that the child gets the full benefit of the €3,000 per year CAT exemption?

 

[RedOnion]

There is none really. Theres a 'look through' of the transaction and it would be viewed as a gift from the shareholder to the child.

A similar question was posed previously:

Can a limited company give a gift to non employee

Hi guys, can a limited company give a gift of 3k to a non employee..what are the tax implications?? The purpose of the gift is to help out a friend to pay tuition fee for an educational course ???

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[Steven Barrett]

The €3,000 gift exemption doesn't apply to companies, just people.

Any money given from a company to an individual is taxed under income tax.