The most useful exemptions and reliefs in relation to the acquisition of capital-through a gift or a benefit in a will-include Learn more about capital acquisitions tax here.
Tag: gift tax
How to give wealth to your children in the most tax efficient way
If you want to give your child €1,000,000 and you give him/her cash he/she will pay tax on the gift or benefit in a will at a rate of 33%. Your child will have a tax free threshold of €335,000, therefore will be taxed on the excess of €665,000. The same capital acquisitions tax/gift tax… Continue reading How to give wealth to your children in the most tax efficient way