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Gains tax question

  • 03-04-2018 9:32pm
    #1
    twilight_singer
    Closed Accounts Posts: 340 ✭✭


    Hi there,

    Wondering if someone had any idea on the following:

    Recently inherited a house along with my sister, I am thinking of buying out her share and she is happy for me to do so but just wondering if I would be liable for gains tax in this situation?


Comments

  • #2
    namenotavailablE
    Registered Users, Registered Users 2 Posts: 59,703 ✭✭✭✭namenotavailablE


    You should check out how a 'Deed of Family Arrangement' operates to see if it helps you in this situation.

    Free Excel net pay calculator- https://taxcalc.eu/monthlyss/Employee%20PAYE%20calculator.xlsm



  • #3
    Peregrinus
    Registered Users, Registered Users 2 Posts: 26,998 ✭✭✭✭Peregrinus


    twilight_singer wrote: »
    Hi there,

    Wondering if someone had any idea on the following:

    Recently inherited a house along with my sister, I am thinking of buying out her share and she is happy for me to do so but just wondering if I would be liable for gains tax in this situation?
    You won't. She may be, but it's unlikely unless the house has appreciated substantially in value since the date of death of the person from whom the two of you inherited it.


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