Advertisement
Help Keep Boards Alive. Support us by going ad free today. See here: https://subscriptions.boards.ie/.
If we do not hit our goal we will be forced to close the site.

Current status: https://keepboardsalive.com/

Annual subs are best for most impact. If you are still undecided on going Ad Free - you can also donate using the Paypal Donate option. All contribution helps. Thank you.
https://www.boards.ie/group/1878-subscribers-forum

Private Group for paid up members of Boards.ie. Join the club.

Inheritance Tax / Right of Residence

  • 11-11-2014 01:10PM
    #1
    rojo09
    Registered Users, Registered Users 2 Posts: 2 ✭


    I have to pay inheritance tax on a property left to me by my late Uncle. My other Uncle has a Right of Residence in the property. I mistook this for Life Interest and sent the forms back to tax office, but the forms have been returned to me as this is a Right of Residence. Can anyone tell me how i calculate the tax to be paid through Right of Residency, there is a formula on the revenue website which is very confusing. The house is valued at approx. €100k, no rent paid by Uncle, and he is 75 years old (his age is factored in the formula ??). the rental market value would be €800 per month approx. All advice welcomed. Thanks, Ro
    Tagged:


Advertisement