Gift Tax Planning in Ireland
Gift tax planning in Ireland involves structuring the transfer of assets, such as property or money, to minimise tax liabilities on gifts given to family members or others. Ireland has specific rules around gift tax, with exemptions and thresholds depending on the relationship between the giver and the recipient. We can help you navigate these rules, ensuring that your gifts are structured in a tax-efficient manner to maximise the value passed on.
You work hard for your money - Now it’s time to make your money work for you
Good investment advice can give you the knowledge to take control of your future and give you financial freedom after you retire.
Grow Your Wealth, One Smart Decision at a Time
At Quigley Financial Brokers, we believe the best return on your investments starts with professional advice. Whether you're planning for the future or looking to grow your wealth, we offer expert guidance on a wide variety of investment opportunities. By investing in knowledge and tailored advice, you can make informed decisions to help your investments grow over time.
What Difference Will Good Financial Advice Make?
* The Value of Financial Advice, 2016 PIBA / Standard Life
**Econometrics Models on the value of advice of a financial advisor, July 2016 Canada Cirano
Gift Tax Planning with Section 73
If you’re considering transferring assets during your lifetime, understanding the implications of gift tax is essential. Under Section 73 of the Capital Acquisitions Tax Consolidation Act (CATCA) 2003, you can use a Revenue-approved savings policy to fund future gift tax liabilities. This approach ensures that the policy proceeds, when used to pay gift tax, are exempt from further Capital Acquisitions Tax, reducing the financial burden on the beneficiary.
1. Tax-Efficient Gifting
A Section 73 policy allows you to pay gift tax liabilities without increasing the tax burden on the beneficiary. This tax relief ensures that your gift transfers more value to your loved ones while complying with Revenue guidelines.
2. Flexibility in Financial Planning
While Section 73 policies are designed to cover gift tax, you’re under no obligation to use the proceeds exclusively for this purpose. This flexibility allows you to adapt your financial strategy as your needs or circumstances change.
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3. Comprehensive Support for Compliance
Meeting Revenue’s qualifying conditions can be complex, but with the expertise of Quigley Financial Brokers, you can be confident your policy meets all requirements. From selecting the right policy to managing payments over the required timeframe, we provide the support needed for a successful outcome. Take the next step towards effective tax planning—contact us today for personalised advice.
Our Services
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Our 3 Step Investment Process
Some things in life can make you feel uncomfortable. However, investing your hard-earned money shouldn’t be one of them. That’s why we want to help you get comfortable investing - starting with 3 easy steps.
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Warning: The value of your investment may go down as well as up.
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Warning: If you invest in these funds, you may lose some or all of the money you invest.
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Warning: These funds may be affected by changes in currency exchange rates.
Step 1: Get Your Investor Profile
Find out what type of investor you are by doing our investor profile, some straight-forward questions. These help us to assess things like your attitude to investing and the types of investments you’re more comfortable with. By doing our investor profile, you’ll know what type of investor you are or if investing just isn’t for you.
Step 2: Match Funds that Suit Your Profile
This step matches your investor profile to the fund that could suit you best. Each fund has been developed to suit the needs of different types of investor profiles. Each of the responses are given a score and the scores are collated to give you an overall risk rating. The profile includes some checks to ensure the answers you have provided are consistent.
Step 3: Discuss the Rate of Returns
Once your attitude to risk has been assessed, you then need to decide on an investment solution which suits your level of risk. Now we can show you the expected range of returns for that fund over different time periods, so, you can see that investments can fall as well as rise but you also know what range of returns you could expect.