Do I need to pay tax on a gift?


Whether you pay tax on a gift depends on its value and your relationship to the giver.

• Thresholds: Exceeding the tax-free threshold for your group triggers CAT at 33% on the excess.
• Small Gift Exemption: Gifts of up to €3,000 annually are exempt.
• Exemptions: Gifts from a spouse or civil partner are exempt. Certain reliefs (e.g., Agricultural, Business) may apply.
• Tax Return: You must file a Form IT38 if the value exceeds 80% of the threshold, even if no tax is due.