Tax payable on receiving property from a relative
My great-aunt is moving into a nursing home and she wants to give her house, currently worth around €350,000, to me. Dilemma:
My great-aunt is moving into a nursing home and she wants to give her house, currently worth around €350,000, to me. Will I have to pay any gift tax on the transfer? Dilemma:
You may have a capital acquisitions tax liability (CAT) at 20 per cent on the taxable value of the gift received. Solution:
The first €3,000 of the value of all taxable gifts taken from any particular disponer (the person from whom the gift...
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