Irish Property Tax

Irish Property Tax

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A client has inherited a property in the Republic of Ireland - it would appear to be worth around 80,000 euros and so should require the payment of a tax in Ireland but would there be any separate tax implications in the UK?
John Barratt

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By AnonymousUser
19th Jul 2004 23:53

Irish Property
If the property was received from a parent , and this was the only inheritance so taken, then no Irish Capital Acquisitions tax would in fact be payable given the amount involved. Otherwise, it looks like some Irish tax would be due. If the deceased was neither domiciled in the UK nor treated as being so domiciled for Inheritance Tax purposes then an inheritance of Irish property should be excluded property ie not liable to Inheritance Tax.

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