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Leaving money in Will

  • 14-11-2018 10:55PM
    #1
    countrywoman
    Registered Users, Registered Users 2 Posts: 279 ✭✭


    Are there any implications for a person (HSE employee), if I want to leave them some money in my will
    Are they allowed to receive it?
    How does the tax situation work?


Comments

  • #2
    nuac
    Registered Users, Registered Users 2 Posts: 6,767 ✭✭✭nuac


    countrywoman wrote: »
    Are there any implications for a person (HSE employee), if I want to leave them some money in my will
    Are they allowed to receive it?
    How does the tax situation work?

    If that beneficiary was looking after the testator there may allegations of undue influence


  • #3
    holyhead
    Closed Accounts Posts: 1,249 ✭✭✭holyhead


    I think you can leave 33K to a person tax free. Just not sure if its restricted to a relative.


  • #4
    countrywoman
    Registered Users, Registered Users 2 Posts: 279 ✭✭countrywoman


    nuac wrote: »
    If that beneficiary was looking after the testator there may allegations of undue influence

    This bit is what I'm concerned about. I need to check this out
    Thanks


  • #5
    countrywoman
    Registered Users, Registered Users 2 Posts: 279 ✭✭countrywoman


    holyhead wrote: »
    I think you can leave 33K to a person tax free. Just not sure if its restricted to a relative.

    Thanks holyhead


  • #6
    coylemj
    Registered Users, Registered Users 2 Posts: 26,035 ✭✭✭✭coylemj


    holyhead wrote: »
    I think you can leave 33K to a person tax free. Just not sure if its restricted to a relative.

    For a beneficiary who is a remote relative or who is not related by blood (category C), the tax-free threshold is €16,250 from 10/10/2018.

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


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