Your aunt leaves you 300K Euro in her Will

Nomis21

Your Aunt dies leaving you 300K Euro in her Will.

The only stipulation is that you must use 90% minimum of the money to buy a property in Ireland or anywhere in the World but you can't sell the property in your lifetime.

You don't have to live in it if you don't want to.

Where would you buy the property? And Why?

Sheep Lover

I'd buy her old house and burn it.

Feck her and her stipulations, give me the money or don't.

the_syco

A house in the Dam. Make it a hostel. Rent it out, and live in the attic.

Nomis21

But she gave you the money because you are her favourite nephew and you are homeless.

goz83

I'd buy the semi-d attached my own gaff and bust throught the walls. I like my space.

Donald Trump

Nomis21 wrote: »

Your Aunt dies leaving you 300K Euro in her Will.

The only stipulation is that you must use 90% minimum of the money to buy a property in Ireland or anywhere in the World but you can't sell the property in your lifetime.

You don't have to live in it if you don't want to.

Where would you buy the property? And Why?

Cool. Can I sell it after I've died?

Nomis21

Syco, 300K wouldn't buy you even a one bed apartment in the Dam

Agricola

A decent apartment, considerably bigger than a shoebox but not much, in a "good area" of London. Then collect them sweet sweet rents loike.

Donald Trump

the_syco wrote: »

A house in the Dam. Make it a hostel. Rent it out, and live in the attic.

I see where you're going with this. Rent it out to young student ladies and drill holes in the ceiling to entertain yourself whilst hidden away in the attic?

m5ex9oqjawdg2i

I'd buy a holiday home in Croatia and another home in Germany. Nothing spectacular, bit of a garden and a terrace. I'd have that money spent before it hit my bank account.

fonecrusher1

Buy a Ferrari worth 300k. Then quit job and actually live in the car. Pity I cant drive.

cormie

Buy in a busy rental area, put money towards it if necessary/available to get a more prime location that you'd be happy to live/retire/die in. Live in it and rent out rooms if so desired for extra income and the craic, or not. Or rent the whole place/your room and use the money to pay rent/fund travelling abroad. Don't get greedy and end up making stupid decisions to get more money that will put it in jeopardy and just be content and appreciative that you got what most people struggle their whole lives for, for free.

TheLastMohican

coke 'n hoors ASAP. You could wake up dead a year later and not have enjoyed it!

Witchie

Buy one in Orlando area so could rent it out the odd time or let kids who are ill come stay there while visiting the theme parks. Then I would spend some time there too. I know where I would buy it to. Somewhere over near Mama Ramona's Pizzeria on Landstar Boulevard, Meadow Woods, Orlando, then I could continue my flirtation with the gorgeous guy who works there and maybe someone will have magically handed in my allergy alert bracelet to the Publix next door.

Damn I miss my Florida sunshine and the gorgeous man in the pizzeria. (oh and their black bean and spinach lasagne was to die for.)

Stheno

Capital gains/ inheritance tax would probably take a fair chunk so you couldn't afford anything decent

PARlance

Nomis21 wrote: »

Your Aunt dies leaving you 300K Euro in her Will.

The only stipulation is that you must use 90% minimum of the money to buy a property in Ireland or anywhere in the World but you can't sell the property in your lifetime.

You don't have to live in it if you don't want to.

Where would you buy the property? And Why?

Buy anywhere and then sell it in a few years once she has fully decomposed, she won't turn in her grave then. Just claim you forgot if anyone pulls you up on it.



Then, coke and hookers.

The_Valeyard

Id buy a haunted house. Rent it out to college students.

Smidge

Is that you Brewster on a budget?

mansize

I would buy a house in Dublin and rent it out
(No Rent Allowance)
Single white females only

Graces7

Interesting thread from thee nomis! I would of course buy a cottage as far from human habitation as I can get and spend my last years in splendid isolation. I have a few lined up in my dream box...Ah wonderful thought! Your aunt must have really cared about you...;) You could get something ready to live in for that..

smash

But the cheapest property you can find. Something in the middle of nowhere in Africa or something, for a tenner. Then have 299,990.00 in my account.

The Backwards Man

Reminds me of the time I was in school and the teacher asked me if I had twenty pounds in one pocket and fourteen pounds in the other what would I have.

'Someone else's trousers on, Sir' I replied.

RobbingBandit

buy some property change your name then sell. The auld switcharoo.

Ri_Nollaig

Stheno wrote: »

Capital gains/ inheritance tax would probably take a fair chunk so you couldn't afford anything decent

http://www.revenue.ie/en/tax/cat/thresholds.html

€30,150 tax free
€269,850 would be taxable at 33%
less €89,050.50 tax due

leaving...
€210,949.50 don't forget you'll then be paying stamp duty at 1% and any legal/professional fees.

...and some parties want to increase this tax

rainbow kirby

Use it as a large deposit towards a property in London and get a mortgage on top of it to pay the rest. At the end of the day even if we moved away we'd still get a good rental income from it and it would be highly unlikely to end up in serious negative equity.

fleet_admiral

Stheno wrote: »

Capital gains/ inheritance tax would probably take a fair chunk so you couldn't afford anything decent

Move in with the auntie for a few years before she kicks it;)

screamer

Ri_Nollaig wrote: »

http://www.revenue.ie/en/tax/cat/thresholds.html

€30,150 tax free
€269,850 would be taxable at 33%
less €89,050.50 tax due

leaving...
€210,949.50 don't forget you'll then be paying stamp duty at 1% and any legal/professional fees.

...and some parties want to increase this tax

Exactly the amount you get will determine what you can buy. 210k won't get you much in a sought after area.........

the_syco

Nomis21 wrote: »

Syco, 300K wouldn't buy you even a one bed apartment in the Dam

175k will, however, buy a 2 bedroom apartment. Although it's about an hours walk away from the RDL, this does ensure there's less tourists about. and I've found many cafes away the RLD. Maybe a nice house in Prague district 4 for the same amount of money?

elefant

Nomis21 wrote: »

Syco, 300K wouldn't buy you even a one bed apartment in the Dam

Plenty of apartments for well under 300k inside the Amsterdam ring.

bear1

Buy the house, insure it fully and the accidentally spring a gas leak and leave one curtain on fire while you go our for "shopping".
This part is very important OP, you need to go into the local supermarket and make sure you are caught on the CCTV cameras to prove your alibi.
Then call a friend and ask how are the sheep doing - sheep in this case is code word for "house burning".
If he say they are baaaa-ing then it means the house is on fire and it's safe to call the fire brigade.
Then act all panicky (this is for the CCTVs benefit) and rush off home to then find your inheritance up in smoke.
Try and cry for added affect.
Fill out the insurance forms and bobs your uncle you cheated the sneeky bitch.

smash

smash wrote: »

But the cheapest property you can find. Something in the middle of nowhere in Africa or something, for a tenner. Then have 299,990.00 in my account.

Maths isn't your strong point then, eh smash?

bear1

Deleted User wrote: »

Maths isn't your strong point then, eh smash?

He's correct though 300000 - 10 is 299990

Asmooh

Nomis21 wrote: »

Your Aunt dies leaving you 300K Euro in her Will.

The only stipulation is that you must use 90% minimum of the money to buy a property in Ireland or anywhere in the World but you can't sell the property in your lifetime.

You don't have to live in it if you don't want to.

Where would you buy the property? And Why?

In Ireland, someone close to Dublin but still not too close, somewhere close at the sea and no neighbours within 100 meters

Why: I like ireland and for now I work in dublin

bear1

bear1 wrote: »

He's correct though 300000 - 10 is 299990

And what's 90% of 300,000?

Asmooh

Nomis21 wrote: »

Syco, 300K wouldn't buy you even a one bed apartment in the Dam

Such a joke!

Apartement: http://www.funda.nl/koop/amsterdam/0-300000/appartement/sorteer-prijs-op/
House: http://www.funda.nl/koop/amsterdam/0-300000/woonhuis/sorteer-prijs-op/

bear1

Deleted User wrote: »

And what's 90% of 300,000?

G'waayyyy :P
I hadn't remembered about that - ya big eejit Smash

bear1

Asmooh wrote: »

Such a joke!

Apartement: http://www.funda.nl/koop/amsterdam/0-300000/appartement/sorteer-prijs-op/
House: http://www.funda.nl/koop/amsterdam/0-300000/woonhuis/sorteer-prijs-op/

No offence, but most of those look like council flats.

Sleepy

I'd either add about 30k to it and buy in North County Dublin or get a mortgage to double the €211k and look around the Raheny / Bayside area.

bear1

I'd buy this

http://www.daft.ie/kerry/houses-for-sale/ballyheigue/ocean-view-ballyheigue-kerry-1104709/

Asmooh

bear1 wrote: »

No offence, but most of those look like council flats.

Well the quote was that you cannot even buy a one bedroom apartment in Amsterdam.. so I just proved you wrong.

bear1

Asmooh wrote: »

Well the quote was that you cannot even buy a one bedroom apartment in Amsterdam.. so I just proved you wrong.

I never said that.

Asmooh

bear1 wrote: »

I never said that.

someone did.

andekwarhola

50k on a mobile home; 250k on poitin and cocaine.

Hammer89

Sleepy wrote: »

I'd either add about 30k to it and buy in North County Dublin or get a mortgage to double the €211k and look around the Raheny / Bayside area.

I didn't know fictional schools from 90s television shows were included.

Graces7

bear1 wrote: »

I'd buy this

http://www.daft.ie/kerry/houses-for-sale/ballyheigue/ocean-view-ballyheigue-kerry-1104709/

Horrible flat .. Cold and bare and .... Would not live there if it were given to me and have you been to Ballyheigue?

bear1

Graces7 wrote: »

Horrible flat .. Cold and bare and .... Would not live there if it were given to me and have you been to Ballyheigue?

Nope but it does seem nice to me.

Asmooh

Graces7 wrote: »

Horrible flat .. Cold and bare and .... Would not live there if it were given to me and have you been to Ballyheigue?

I absolutely love it!

Sam Kade

smash wrote: »

But the cheapest property you can find. Something in the middle of nowhere in Africa or something, for a tenner. Then have 299,990.00 in my account.

But you wouldn't get 300K, inheritance tax will cost you 90K or more if you previously got an inheritance from a relative other than a parent.

donegaLroad

I was about to suggest here, but I see it has just been sold. Would have been a great buy OP.

Sleepy

Hammer89 wrote: »

I didn't know fictional schools from 90s television shows were included.

https://en.wikipedia.org/wiki/Bayside,_Dublin

Sky King

It depends OP. Who is her Will and what does he have to do with it?