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If the value of the gift exceeds the annual exclusion limit ($14,000 for 2016) the donor will need to file a gift tax return ( form 709) to report the transfer. Like our amazing gifts for daughters, for example! Plus, if it is heirloom jewelry, it can be her something old! if it's a piece of brand new jewelry, it can be her something new! 4. When searching for the perfect wedding present for your daughter, you can never go wrong with a personalized gift item. The gift of €100,000 cash can therefore be made without any irish tax liability.
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Adding a family member to the deed as a joint owner for no consideration is considered a gift of 50% of the property's fair market value for tax purposes.
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Tax implications for larger gifts.
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