Young man liable for €66,000 tax after parents ‘earmarked’ small-gift-exemption amounts for him in their own bank account
Inheritance
Hundreds of thousands of Irish people who remain single need to plan carefully for what will happen their property and other assets after they are gone
Simon Harris will be looking to manage the delicate balance between raising revenue and keeping the electorate happy
Ireland’s tax code is structured in a way that provides benefits to married couples that are not available to others
The role of an executor in organising the affairs of a dead person and managing inheritance is onerous and not easily discarded
Q&A: Sorting out property from overseas can be complex, especially compared to the tax certainty and flexibility of selling the property yourselves
Q&A: Limits on financial support for adult children were tightened a decade ago because of perceived abuse by well-off families
Q&A: Probate Office query has arisen over validity of will simply because it was not initialled on every page
Rules limiting the tax-free benefit of the Bank of Mum and Dad are in place, but there are exceptions, including for those living with parents in the family home
Article 41 referendum offers potential to tackle ‘unfair and unequal’ inheritance tax treatment of singles, unmarried cohabitants
Q&A: Transferring properties to family members will lower what you pay for nursing home care but only if five years has passed
Q&A: How you frame the money you are handing over to your child can lower their exposure to tax
Q&A: Woman worries that cost of Fair Deal care if her mother needs long-term care could see her forced out of only home she has ever known
Q&A: Adding additional executors to act alongside, or as an alternative to, people who have been in place for a long time is sensible not insensitive
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