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 Query - Joint Tenants

sten_gun · 2015-03-11 18:01:27

Hi, Quick theoretical question on Joint tenants as a means of tax efficient inheritance. Suppose if a parent and child were to purchase a property together, holding the title as Joint tenants, then it appears that upon the death of the parent, the child would take the asset free of Inheritance tax. The following document…

11-03-2015 6:01pm

#1

sten_gun

Registered Users, Registered Users 2 Posts: 16 ✭

Join Date: November 2014

Posts: 8

Hi,

Quick theoretical question on Joint tenants as a means of tax efficient inheritance.

Suppose if a parent and child were to purchase a property together, holding the title as Joint tenants, then it appears that upon the death of the parent, the child would take the asset free of Inheritance tax. The following document doesn't deal with that instance exactly, but it seems to be implied:

3 wubbleyous .revenue.ie/en/about/foi/s16/income-tax-capital-gains-tax-corporation-tax/part-19/19-03-07.pdf

So what isn't everyone setting up Joint tenancy with their children instead of doing the whole wills, probate and tax thing? Am I missing something?

0