Help Keep Boards Alive. Support us by going ad free today. See here: https://subscriptions.boards.ie/.
If we do not hit our goal we will be forced to close the site.

Current status: https://keepboardsalive.com/

Annual subs are best for most impact. If you are still undecided on going Ad Free - you can also donate using the Paypal Donate option. All contribution helps. Thank you.

https://www.boards.ie/group/1878-subscribers-forum

Private Group for paid up members of Boards.ie. Join the club.

Inheritance Tax

Oscar Archie · 2023-03-29 19:06:59

I was orphaned at 12 years of age and my aunt became my legal guardian. She has now passed away and has left a share of her estate to me. Can I come under the Group A Threshold with regards to CAT? I know there is rules with revenue regarding this but it covers stepchild/foster child only. Surely this has happened before…

29-03-2023 08:06PM

#1

Oscar Archie

Registered Users, Registered Users 2 Posts: 1 ✭

Join Date: March 2023

Posts: 0

I was orphaned at 12 years of age and my aunt became my legal guardian. She has now passed away and has left a share of her estate to me. Can I come under the Group A Threshold with regards to CAT? I know there is rules with revenue regarding this but it covers stepchild/foster child only. Surely this has happened before and there has been a precedent set.

0

Comments

#2 29-03-2023 08:34PM

[Deleted User]
Posts: 3,330 ✭✭✭

Join Date: -

Posts: 3305

Did you receive any inheritance from your parents when they passed (possibly left in trust to you)? This may have utilised all of the Group A threshold and render this moot.
If not, contact Revenue and ask them if your scenario applies the same rules as stepchild/Foster child. It makes sense that it would, but they should confirm it.

0