208. Deputy Róisín Shortall asked the Minister for Finance the position in relation to the tax treatment of a parent who loans €40,000 to their child for the purchase of a home and who receives the money back over time; if the loan is treated as a gift for capital acquisitions tax purposes; if repayments are counted as an income for income tax purposes or have other tax implications for the parent; and the way in which both the child and parents will be treated vis-a-vis their taxes, if the loan amount is officially gifted to the child for the purposes of satisfying the child's bank and paid back over time. [46142/14]

Summary

208. Deputy Róisín Shortall asked the Minister for Finance the position in relation to the tax treatment of a parent who loans €40,000 to their child for the purchase of a home and who receives the money back over time; if the loan is treated as a gift for capital acquisitions tax purposes; if repayments are counted as an income for income tax purposes or have other tax implications for the parent; and the way in which both the child and parents will be treated vis-a-vis their taxes, if the loan amount is officially gifted to the child for the purposes of satisfying the child's bank and paid back over time. [46142/14]

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• Tax Code

  xml · EN · 2 December 2014

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