Letter to Revenue Ref Gift Tax

N

nz89

Guest
Hi, I reside in Ireland and my mother resides in Spain, have been sent gift (under threshhold), and revenue have sent letter to query lodgement to bank account and where have funds come from. I have been told to send a standard letter saying it is a gift from my mother, but can't find a template on revenue wensite - please help
 
To make them go away, it might be better if you were to actually provide some evidence in support of this claim - copy of bank documentation showing the source as being her Spanish bank account, a signed confirmation by her that she made this gift to you. If they're writing to you to enquire about it, it's unlikely you just saying it was a gift from my mother is going to satisfy them.
 
There probably is no template letter, just draft one yourself outlining what happened and where the money came from. Make sure you send this by registered post and keep a copy in your 'safebox'.

Out of curiosity, how did this come to revenue's attention?
 
Bronte said:
There probably is no template letter, just draft one yourself outlining what happened and where the money came from. Make sure you send this by registered post and keep a copy in your 'safebox'.

Out of curiosity, how did this come to revenue's attention?
Click to expand...

They shouldn't / won't tell the OP, but most likely a suspicious transaction report from the bank under Anti Money Laundering legislation (http://www.irishstatutebook.ie/2010/en/act/pub/0006/sec0042.html#sec42)
 
The letter should be very explicit as you dont need to be drawing attention to yourself.

Why would you not, they know you have it
 
Last edited:
hastalavista said:
The other thing u need to do is register the receipt of the gift via ROShttp://www.revenue.ie/en/tax/cat/leaflets/it39.html

My read of the new rules is that since June 2010 is that you need to log the gift even if no tax due but the relief is being claimed, u will need ur PPS number and your mothers
Click to expand...

This would be correct if the OP was claiming a relief or exemption, but they aren't. [broken link removed] 1.2.5 "A beneficiary is required to make a self-assessment return (Form I.T. 38) where benefits of at least 80% of the tax-free threshold have been received by that beneficiary." So unless the OP has exceeded 80% of the group threshold, there is no need to file IT38.
 
You must log in or register to reply here.
Back
Top