Sunday July 5, 2020

Clawback crux

My sister and I recently inherited a half-share each in our family home from our mother. Dilemma:

23rd July, 2005

My sister and I recently inherited a half-share each in our family home from our mother. The house is valued at €1.4 million. We have always lived there. I understand we should qualify for an exemption from inheritance tax because it is a dwelling house, even though our separate inheritances (€700,000 each) are in excess of the exemption threshold between parent and child. Dilemma:

The only problem, I believe, is that we must continue to...

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