Inheritance tax

Yeah - Revenue would assess the difference between value of house and amount paid as a gift!

Possible way around it - if your child lives with you in the €1m gaff for three years before you cut the mortal coil and he/she continues to live there for few years afterwards, he/she will be in the clear!! Property taken out of inheritance tax net in this situation.

Need to plan ahead though - child would have to prove he/she lived there - bank statements going to that address, etc
So just change the mail to point there, gotcha.
 
EVENT GUIDE - HIGHLIGHT
St Lundi
Winthrop Avenue (@ Old Oak)

8th Nov 2024 @ 9:00 pm
More info..

Dan O Keeffe

Dwyers Of Cork, Today @ 9:30pm

More events ▼
Top