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Inheritance tax

Patdusty2010 · 2010-10-19 21:19:57

Hi, Just wondering if anyone knows the thresholds? My mothers brother died recently so just wondering on her behalf. Is it €43,400 tax free and after that the rate is 25% taxed. She would be Group 2 as far as I am aware. €43,400 tax free seems quite low though. Thanks, Pat

19-10-2010 9:19pm

#1

Patdusty2010

Registered Users, Registered Users 2 Posts: 124 ✭✭

Join Date: March 2010

Posts: 98

Hi,

Just wondering if anyone knows the thresholds? My mothers brother died recently so just wondering on her behalf. Is it €43,400 tax free and after that the rate is 25% taxed. She would be Group 2 as far as I am aware. €43,400 tax free seems quite low though.

Thanks,

Pat

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Comments

#2 20-10-2010 8:53am

kardo

Registered Users, Registered Users 2 Posts: 7 ✭

Join Date: October 2010

Posts: 3

As far as I am aware it €41,481, and anything after that will be taxed at a rate of 25%. This is if she has never recieved any gifts, inhertance from anyone in group 2. if she has it will be lower again or if the total is over the €41,481 she will be taxed on the full amount.

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