CAT Advice

[Newbietotax]

My mother in law is leaving one of three buildings that she owns to my husband. The building houses a number of offices and retail units that are rented out. Last year my husband took out a loan to renovate the building of €130k. My MIL didn't contribute anything to this. The building is currently worth €600k. How do we calculate the potential CAT on this? My husband also received another building from her a couple of years ago valued at €80K.

 

[mf1]

Is she giving or leaving in her will?

Its all here

[broken link removed]

It would be better if you and your husband spoke to an accountant rather than relying on opinions on an anonymous website. There is a lot of money involved here.

mf