CLOSE X

Register - if you don't have an account

Yes! Sign me up for Global Property Guide's fortnightly email newsletter.


Login - for registered users

Forgot Password?
Explore destinations
continent map couldn't be loaded Pacific Europe & Russia North America Latin America Asia Africa Middle East Caribbean

 


Financial Overview

Directory

Property Search

Global Statistics

Regional Statistics






Aug 31, 2011

Inheritance tax and law


INHERITANCE TAX

A tax called the Capital Acquisitions Tax is levied on inheritances in Ireland. The beneficiary is liable to pay the tax. Inheritances between spouses are tax-exempt.

Capital Acquisitions Tax is imposed at a flat rate of 25%. The tax is levied on the market value of inheritance. Any liabilities or debts connected to the inheritance are deductible to arrive at the taxable value.

A non-taxable threshold amount is provided for beneficiaries, with the applicable threshold amount varying depending on the relationship between the deceased and the beneficiary.


CAPITAL ACQUISITION TAX: THRESHOLD AMOUNTS

BENEFICIARY THRESHOLD AMOUNT,
Son, daughter 542,554
Parent, brother, sister, niece, nephew, grandchild 54,254
Others 27,127
Source: Global Property Guide

In the case of real estate property, the tax may be paid by installments over a period of 5 years; however, interest charges will be applied.






Comments


Be the first to comment on this article!



Login or Register to submit a comment!

In order to promote open and spam-free conversations, Global Property Guide moderates commetns on all articles. You can expect that your comment will be published within 24 hours.



Baltic property back! Q1 2014 - NewsecBaltic States Capitals 2014 - Ober HausScandinavia Property Report Q4 2014 - Newsec
Compare Countries



Free Newsletter

Fortnightly updates from the global property arena directly to your inbox.


Email Address:





Connect to professional advice in Ireland





PROPERTY RECOMMENDATIONS

 
Download free Global Property Guide reports

Our Newsletter

 
Fortnightly updates from the global property arena directly to your inbox.

Manage subscriptions
Chinese property buyers and Asian buyers, there is great property for high net worth Chinese buyers on Juwai.com

Which parts of the world are most attractive for property investment today?

Click here to download our FREE Property Recommendations Reports!

Close Me