Eoghan Murphy (Dublin Bay South, Fine Gael)
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228. To ask the Minister for Finance further to Parliamentary Question No. 60 of 9 December 2020, if it is correct that the €3,000 annual gift exemption does not form part of the aggregate lifetime inheritance calculation so it remains that the child of two partners can get €6,000 per year that is not included in that calculation whereas the child of one parent can only get €3,000. [45069/20]

Paschal Donohoe (Dublin Central, Fine Gael)
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A person may receive a gift up to the value of €3,000 from any person in any calendar year without having to pay Capital Acquisitions Tax. It is correct that gifts within this limit are not taken into account in computing Capital Acquisitions Tax and are not included for aggregation purposes.

This means that a person may take a gift from several people in the same calendar year and the first €3,000 from each disponer is exempt from Capital Acquisitions Tax. The small gifts exemption is not dependent on the relationship between the disponer and the beneficiary. It applies to gifts taken from any person, and is not limited to gifts from a parent to a child.