Inheritance question about Tax Exemption for Dwelling House - CAT 10

john98

The rules for Tax Exemption for Dwelling House - CAT 10 are here
http://www.revenue.ie/en/tax/cat/leaflets/cat10.html

My mother lives alone in a house in ireland which I, her only child, grew up in with her. I have left home to live in the UK where I could find work (I tried finding work related to my field in Ireland but failed).

My intention is, and always has been, to one day return to Ireland and live in that home. My mother (age 70) is now upset to learn that since the house is valued at circa €400,000, that should she, god forbid, pass away I may have to sell the house to pay for the tax bill since the tax free threshold is now €225,000. There is a exemption for those who have lived at home with their aged parent, and this was the case with me up until I had to move to the UK for work. I have been living in the UK for 3.5 years and would certainly like to live at home if it was possible. My mother would ideally like to put the house in my name at the earliest opportunity.

I notice in the rules however for tax exemption it says towards the end "A recipient absent during any time through working abroad is considered to remain in continuous occupation of that dwelling house."

Would that apply to me? Or is that referring to something else?

Any other thoughts related to the situation would be appreciated as we are very confused as to how to make sure I get to keep the family home.

Mr. Incognito

Please read the charter