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Inheritance Tax - Date of Valuation with multiple probates?

  • 29-02-2020 6:15pm
    #1
    homer911
    Registered Users, Registered Users 2 Posts: 5,150 ✭✭✭


    I'm Executor of an Irish "Estate" with assets in Ireland, the UK and Jersey. All beneficiaries are entitled to their share of all assets. I have just received Grant of Probate in Ireland, and am pursuing UK and then Jersey Grant of Probate (The registrars managing various shareholdings are based there)

    Am I right in thinking that the Date of Valuation will be date the last Grant of Probate is received, or do I have to value the assets based on their respective Grants of Probate?

    Revenue guidance is not very helpful..
    https://www.revenue.ie/en/gains-gifts-and-inheritance/valuation-date-and-the-value-of-certain-benefits/what-is-the-valuation-date.aspx

    Actually, once I receive the final Grant of Probate I will still need to do a Tax Return so based on Example 1 on this page, it sounds like it wont be until final taxes are settled. Can anyone confirm?


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