Advice needed on qualifying for CAT?

Sonny1 said:

I live in my mother's home, valued €450,000 & will inherit it as well a sum of c.€380,000. I know I will qualify for the exemption on the home, but will it be taken into account in calculating CAT or is it just the €380,000 which will be assessed i.e €380,000 - €335,000 Category A threshold?

Thank you. Sonny

Click to expand...

jpd said:

To be a pedant, the calculation will be

Value of inheritence (450k + 380K)	830K
less relief for home	-450K
Taxable value	380K
Less Cat A threshold	-335K
Taxable	45K
Tax at 33%	15K

Value of inheritence

Click to expand...