Gift Tax

NGUYEN

Registered User
Messages
11
Hi all

A friend of mine wants to help me out with the cost of building an extension to our house. I have already reach the 16,250 life exemption for gift tax in Category C. I know she can give me €3,000 in any calendar year and this is exempt.

Would it be possible for her to gift cash to my son (10) and daughter (12) up to 16,250 each and they would not be liable for tax ?

Really appreciate any help on this one
 
The rules prohibit gifting money that is in reality designed to benefit someone else.
 
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