Yes, you cannot do this as a means of giving the Dad €3K by a roundabout means from the Grandad. There are revenue guidelines around this, and I have seen them linked in other threads on here.
When you give a 3k gift every year by bank transfer to a child ( in my case x 2 kids) this is tax free as amount is equal to the exemption limit.
I understand that it does not count towards the aggregation for my lifetime.
Can someone clarify ....
When completing the Form 11 tax return do I need to leave the CAT section blank or do I fill it in with details of the 2 x 3k gifts that I have done
Many Thanks
Just to thrash this out a little further @mise123.......................
If I'm giving €6,000 each to my 2 kids (my spouse is gifting too) and I wanted to increase this without exceeding the exemption threshold. Could I ask my brother and his wife (who also have 2 kids) to gift my 2 kids €3,000 (or even €6,000) each and I would then gift his kids the same?
Just to thrash this out a little further @mise123.......................
If I'm giving €6,000 each to my 2 kids (my spouse is gifting too) and I wanted to increase this without exceeding the exemption threshold. Could I ask my brother and his wife (who also have 2 kids) to gift my 2 kids €3,000 (or even €6,000) each and I would then gift his kids the same?