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Home inherited by Son

Crazy Pet · 2010-05-29 11:05:47

My question is if a single man who is living back at home with his widowed mother for the last couple of years (long sad story) is the sole beneficiary of her estate, just the house they are living in, will he have to pay taxes on his inheriting of the house when she dies.? They are both worrying about this, and believe…

29-05-2010 11:05am

#1

Crazy Pet

Registered Users, Registered Users 2 Posts: 40 ✭

Join Date: September 2004

Posts: 33

My question is if a single man who is living back at home
with his widowed mother for the last couple of years (long sad story)
is the sole beneficiary of her estate, just the house they are living in,
will he have to pay taxes on his inheriting of the house when she dies.?
They are both worrying about this, and believe that he would be made
homeless by revenue. The House would be valued at approx. €350K.
The son is her only child and is a named beneficiary in her will.

Thanks in advance for any advice received.

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Comments

#2 29-05-2010 11:17am

Carpenter

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Mod snip

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#3 29-05-2010 11:23am

Raul Nervous Rebellion
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#4 29-05-2010 11:26am

Crazy Pet

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Join Date: September 2004

Posts: 33

Thanks Carpenter & bluewolf, they have both been through a lot and at least his mother will stop worrying about him being made homeless because of some tax issues after her passing.

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#5 29-05-2010 5:04pm

Mr. Incognito

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Thread locked.

Read the charter.

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This discussion has been closed.