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Thousands of families face huge inheritance tax bills as home values rise
An article issued on independent.ie highlights the details contained in a recent survey completed by Coyne Research. ‘The survey shows 84pc of people in Ireland don’t know the current inheritance tax rate, which could seriously affect inheritance for their...
Inheritance paid on assets worth €1.4bn in 2017
In Monday’s Irish Times (14th May 2018), it was reported that new figures show inheritances and gifts worth over €1.4bn were subject to inheritance tax last year. The Revenue Commissioners have released figures showing receipts for CAT (Capital Acquisition tax) rose...
Providing property to family rent free – is there a liability?
An interesting article in the Irish Times, (17th April 2018), where a question is asked, ‘If I allow my son and his girlfriend to live in one of my investment properties, rent free, do I have a tax liability’? The answer…yes you could. ‘If the rent would be about...