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Unnecessary dwelling house exemption

  • 29-01-2018 2:19pm
    #1
    TargetWidow
    Registered Users, Registered Users 2 Posts: 559 ✭✭✭


    Am I right in thinking that since the category A threshold for CAT is 310,000 there'd be no good reason to defer the gift of a house worth only €130,000 by the disponer having the recipient move into the house for 3 years before gifting it if the disponer is a parent and there would be no further inheritance/gifts.

    The Dwelling House exemption was surely created to cater to situations where the recipient already lived in the house and the nature of their relationship prevented a CAT threshold of sufficient size to protect against having to pay tax?

    Surely in that situations it only creates problems for the recipient such as having to wait 3 years before getting the house in their name, not being able to own a share in any other house (having to dispose of any such share prior to the gift) and having to keep the gifted property for 6 years after receiving it.

    Am I missing anything here?


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