Gift of €100,000 from parents

[grahammurray]

What are the implications of sending a gift of €100,000 from Russia to Ireland? The gift would be parent-to-child gift (the child being permanently resident in Ireland, the parents being permanently resident in Russia). Are there tax liabilities, etc? Or is there a limit as to how much of a gift can be given?

 

[philips]

As far as I am aware there are no tax implications in this instance as a child can receive over €400,000 tax free from parents.

 

[Green]

What are the implications of sending a gift of €100,000 from Russia to Ireland? The gift would be parent-to-child gift (the child being permanently resident in Ireland, the parents being permanently resident in Russia). Are there tax liabilities, etc? Or is there a limit as to how much of a gift can be given?

check out www.revenue.ie you should fiund some information there or best ask a taxation specialist...

 

[droileen]

A transfer of this sum from Russia may have some Anti-Money Laundering implications.