Inheritance tax from grandparents?

Duff · 24-03-2026 05:04PM #1

Hi,

My siblings and I are in the process of selling our family home which my grandparents owned. The house was our only home throughout our lives and one of my siblings still lives there for the time being until it sells. Could anyone tell me if the fact we all lived there for over 20-25 years has any affect on the threshold or will it still be, I believe, 33% tax on €40,000 or over? I can't seem to find a definitive answer online. Thank you.

Explosive_Cornflake · 24-03-2026 05:05PM

Details in here
https://www.revenue.ie/en/gains-gifts-and-inheritance/cat-exemptions/dwelling-house/index.aspx

Princess Calla · 24-03-2026 05:08PM

Are your parents still alive?

If not you step into their threshold so you'd be exempt for whatever class A is now.

If they are still alive you remain in class B.

The person still living there may be able to avail of an exemption once certain conditions are met.

Princess Calla · 24-03-2026 05:11PM

Dwelling house exemption, but I think the sibling would need to remain living there for next 6 years....which probably won't be happening.

Duff · 24-03-2026 05:13PM

https://www.boards.ie/discussion/comment/124337592#Comment_124337592

Thank you for the reply. Our mother has passed and she was separated from my father for 15+ years.

Allinall · 24-03-2026 05:19PM

As far as I know, the group A threshold only applies (in the case where parents are deceased and the inheritance/ gift if from a grandparent) when the receiver of the inheritance/ gift is under 18 years of age.

Princess Calla · 24-03-2026 05:33PM

https://www.boards.ie/discussion/comment/124337627#Comment_124337627

Yeah actually, that looks right, sorry OP.

Honestly it might be prudent to get actual advice from an accountant who specializes in tax planning as there's often allowances (legal ones) that offset some of the liability

Duff · 24-03-2026 09:19PM

Thank you for the advice, guys. I actually have asked the solicitor who is dealing with the sale/will etc and she just said all she knows of is the standard 33%. I'll get in touch with accountant.

Princess Calla · 24-03-2026 10:55PM

The horse has bolted but in these circumstances a section 72 policy would have been beneficial (basically a life assurance policy that covers tax liability from inheritance)

There's no "generational wealth" in my family and I honestly think inheritance tax is a disgraceful tax...…you should be able to leave what you worked hard for to whoever you want without them having to give 33% away (after thresholds) but that's another days conversation.

Best of luck with it, sorry for your loss.