Advertisement
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 conundrum on another forum

  • 20-07-2015 7:42pm
    #1
    dockleaf
    Registered Users, Registered Users 2 Posts: 158 ✭✭


    See link here@

    http://www.boards.ie/vbulletin/showthread.php?t=2057453837

    How does someone living and working in London with no irish family inherit a house worth 160k and become entitled to the Class A threshold with no CAT payable? :confused:


Comments

  • #2
    exaisle
    Registered Users, Registered Users 2 Posts: 2,675 ✭✭✭exaisle


    If they are the son or daughter of the deceased.

    The OP said "a family member" left them property...

    The nationality of the disponer and recipient are unimportant.
    Because the property is in Ireland, it falls within the remit of Capital Acquisitions Tax here.


  • #3
    cnocbui
    Registered Users, Registered Users 2 Posts: 20,240 ✭✭✭✭cnocbui


    Could be because the taxation legislation is blind to the nationalities of those involved or where they are living and working.


  • #4
    Mr. Incognito
    Registered Users, Registered Users 2 Posts: 9,798 ✭✭✭Mr. Incognito


    The thread says that a solicitor had confirmed no tax is payable.

    I am going to believe that and leave it there and not speculate.


Advertisement