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Inheritance and Gift Tax
Inheritance and Gift Tax
by marcliff » Fri Jul 21, 2023 12:58 pm
T
Last edited by marcliff on Thu Mar 14, 2024 8:41 pm, edited 1 time in total.
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marcliff - Posts: 9694
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Re: Inheritance and Gift Tax
by Chrisdee » Fri Jul 21, 2023 1:07 pm
Excellent thank you so much for posting, will certainly help my friend whose dad passed away the other day.
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Re: Inheritance and Gift Tax
by marcliff » Fri Jul 21, 2023 1:32 pm
T.
Last edited by marcliff on Thu Mar 14, 2024 8:42 pm, edited 1 time in total.
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marcliff - Posts: 9694
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Chrisdee - Posts: 12223
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Re: Inheritance and Gift Tax
by cheflady » Fri Jul 21, 2023 2:11 pm
Thanks Marcliff great as always!
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Re: Inheritance and Gift Tax
by shemarg » Fri Jul 21, 2023 5:25 pm
Thanks as always Marcliff and great news for most. Unfortunately doesn’t help me whose only close relative is my sister who only gets an allowance of around 7000€ - very unfair on divorced and singletons I feel
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Re: Inheritance and Gift Tax
by ajf1950 » Fri Jul 21, 2023 7:51 pm
Thanks Marcliff, on the face of it good news but I guess the devil will be in the detail. Do you know if the changes only apply to residents or will it include non residents ? Is the property transfer tax the tax you pay when you sell your property ?
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Re: Inheritance and Gift Tax
by marcliff » Fri Jul 21, 2023 8:05 pm
s.
Last edited by marcliff on Thu Mar 14, 2024 8:42 pm, edited 1 time in total.
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marcliff - Posts: 9694
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Re: Inheritance and Gift Tax
by ajf1950 » Fri Jul 21, 2023 9:44 pm
Thanks Marcliff, I was aware of CGT on property sale but wasn’t sure what IPT was thanks for the clarification. Also good to know IHT is the same for residents & non residents. However following this ruling looks like it is nil for both. Thanks again.
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Re: Inheritance and Gift Tax
by kingscliff » Sat Jul 22, 2023 10:28 am
This is great news but does this apply if the children live outside of the EU?
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