Inheritance tax conundrum

Dmac98

Hi folks,

Named in a will and after nearly two years it is all finally settled.

Solicitor dealing with the will (also executor) hasn’t been great at feeding back information the entire time. (Missing calls/weeks to respond to emails etc)

I haven’t been asked for any banking details, but was to hear back 3 weeks ago regarding settling all this. Now the only piece of correspondence I’ve received since then is that I should’ve been talking to some other party that was named in the will (who has fleeced nearly every asset from properties named, which I’ve raised with the solicitor) and that there is some accountant doing a “group discount” per person as he would be using the more or less the same details per person to organise tax.

I still don’t know the final amount proportioned to me.

My question is, do I really need an accountant?

As far as I am aware I just need to tell revenue I am X, how closely related I am to Y, and that I’ve received Z. Then they tell me the amount to pay, I pay it, and that’s that.

I’m not sure if I am being naive, it is a complicated estate with assets in Ireland & UK; several banking accounts and a few properties.

Any advice, and I would be extremely appreciative.

thanks,

Dan

Geuze

https://www.revenue.ie/en/gains-gifts-and-inheritance/index.aspx

Read about CAT, and if you are confident completing the CAT IT38 return, then I don't see why you need anybody else.

https://www.revenue.ie/en/gains-gifts-and-inheritance/completing-gift-or-inheritance-tax-return-it38/index.aspx