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Double Tax Relief

hughray · 2020-01-06 07:22:58

I am due an inheritance from a deceased UK relative upon which UK inheritance tax was paid. However the estate was put into a discretionary trust upon my relatives death and the distribution was from the Trust. I have been advised that these are separate events and that I cannot avail of double tax relief from capital…

06-01-2020 7:22am

#1
hughray

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Join Date: May 2016

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I am due an inheritance from a deceased UK relative upon which UK inheritance tax was paid. However the estate was put into a discretionary trust upon my relatives death and the distribution was from the Trust. I have been advised that these are separate events and that I cannot avail of double tax relief from capital acquisition tax in Ireland as double tax relief only applies to the same event.
It is a very technical argument but it is hard for me to believe that double tax relief would not be granted.
I was wondering if anyone had experienced this previously

Tagged:

taxation

capital acquisitions tax

inheritance tax

double taxation

0