If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Inheritance Tax

TheBody · 2013-10-06 20:30:42

Hi all, I will prob be inheriting around HALF of 30 ish acres of forestry within the near future from my father. Included in this will be the family house (nobody living there anymore). The forest is about 6 years old (if that makes any difference). I am not a farmer and do not hold any farming qualifications etc. I am…

06-10-2013 8:30pm

#1

TheBody

Registered Users, Registered Users 2 Posts: 5,633 ✭✭✭

Join Date: January 2011

Posts: 5498

Hi all,

I will prob be inheriting around HALF of 30 ish acres of forestry within the near future from my father. Included in this will be the family house (nobody living there anymore). The forest is about 6 years old (if that makes any difference). I am not a farmer and do not hold any farming qualifications etc.

I am worried that when the time comes, I will get stuck will a large inheritace tax bill. We had the entire farm and house valued a few months ago and the auctioneer valued the the lot at €100,000 ish.

Can anyone advise on any tax liabilities I may get stung with?

0

Comments

#2 06-10-2013 8:35pm

Alan Shore

Registered Users, Registered Users 2 Posts: 735 ✭✭✭

Join Date: May 2010

Posts: 734

Sorry Bud, Read the charter, expect a day or two on the sideline!

In the meantime Check revenue.ie

0