Suppose a person inherits from a parent at the limit of the threshold in the relevant group (Group A). They then receive a gift from a sibling which falls within the threshold for Group B. Are they liable for any CAT?
In other words, can they receive inheritances/gifts up to the total thresholds for each group in which they receive them.
(I checked both the Revenue rules and Citizens Information, but the answer isn't clear to me).
In other words, can they receive inheritances/gifts up to the total thresholds for each group in which they receive them.
(I checked both the Revenue rules and Citizens Information, but the answer isn't clear to me).