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.
 
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Cormac Ó Caoimh
The Richmond Revival, College Road, Fermoy, Co. Cork, P61 T292

26th Oct 2024 @ 7:00 pm
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From Source To Sea

Crawford Art Gallery, Tomorrow @ 10am

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