Tax on shares after receiving inheritance.

aridion

Hello,

I have just been informed that I may inherit a house form my parents. I regularly invest in stocks and shares and live and work abroad. I invest using a Bank of Ireland account based in Ireland.

My question is:

- Will I have to pay capital gains tax when I cash out my shares in the future (due to inheriting the house)?

Thanks in advance for any help or responses,
Ari

Calahonda52

aridion wrote: »

Hello,

I have just been informed that I may inherit a house form my parents. I regularly invest in stocks and shares and live and work abroad. I invest using a Bank of Ireland account based in Ireland.

My question is:

- Will I have to pay capital gains tax when I cash out my shares in the future (due to inheriting the house)?

Thanks in advance for any help or responses,
Ari

The inheritance has no impact on your shares from a disposal point of view.

What you may be thinking of is the inheritance tax thresholds

https://www.revenue.ie/en/gains-gifts-and-inheritance/cat-thresholds-rates-and-aggregation-rules/cat-thresholds-post-november-2011.aspx