Inheritance and gift tax
Budget 2017 unveiled yesterday increased the life time tax free thresholds for gifts or inheritances as follows to:
Parents to children 310,000
Other family 32,500
Strangers 16,250
The new threshold starts from 12th October onwards and applies to any inheritances or gifts received after that date
Any queries on same give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie