TurningGreen
Registered User
- Messages
- 49
I am thinking of giving each of my children 3K for the next 3 years but I want them to try hold for those 3 years, giving them a help with a house deposit, car or a nice holiday at the end.
Then you would be giving them €9k after 3 years......Would this look like a once off gift of €9k with the first €3k tax free? Better to give them €3k each year.You could put away the money yourself and just give it to them in three years.
That's an interesting question.Itchy it’s tax compliant to give your kids an interest free loan and then write it off by 3k a year? Would this need to be documented?
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