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Buachaill
Buachaill, Barrister
Category: Republic of Ireland Law
Satisfied Customers: 10623
Experience:  Barrister 17 years experience
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UK deceased left legacy to beneficiary in southern Ireland

Resolved Question:

UK deceased left legacy to beneficiary in southern Ireland she wishes the legacy to pass to her children not to herself are there Irish tax issues to consider. No IHT is due from the estate
Submitted: 1 year ago.
Category: Republic of Ireland Law
Expert:  Buachaill replied 1 year ago.
1. Dear *****, the position if your children take, for example, under a Deed of Variation, is that it will be their tax exemption which will apply, not yours. My opinion is that if your gift is tax exempt, then so is theirs. In the UK, Inheritance tax is payable by the estate. Not by the individual. So, if you are exempt, then so will your children. If the estate is under the tax threshold of £325,000 then there is no tax payable.
Expert:  Buachaill replied 1 year ago.
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