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Inheritence

  • 19-09-2012 8:44pm
    #1
    RAH1
    Registered Users, Registered Users 2 Posts: 94 ✭✭


    Hi Guys

    I stand to inherit a bit of money from an old cousin in England who also has money in an Irish bank account.its quiet a abit when all together.he is currently being looked after by the NHS with a bit a home help etc etc.Does any one know what the tax implications for me in this under English law.im Irish born and resident.Relationship is second cousin.


Comments

  • #2
    dbran
    Registered Users, Registered Users 2 Posts: 2,094 ✭✭✭dbran


    Hi

    I understand that UK inheritance tax is payable by the disponers estate.

    Depending on the amount of the inheritance you may also be liable to Irish Inheritance tax with a credit given for any UK inheritance tax suffered.

    Regards

    dbran


  • #3
    RAH1
    Registered Users, Registered Users 2 Posts: 94 ✭✭RAH1


    dbran wrote: »
    Hi

    I understand that UK inheritance tax is payable by the disponers estate.

    Depending on the amount of the inheritance you may also be liable to Irish Inheritance tax with a credit given for any UK inheritance tax suffered.

    Regards

    dbran

    Do you know that rates or whether the NHS would claw some back similar to fair deal scheme?


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