CAT threshold/dwelling house exemption

I am very confused about CAT and I'm hoping someone can answer my query.

My brother who has an intellectual disability is the beneficiary of my dad's will. My dad died Feb 2024. The inheritance is a small country house and 5 acres of land. The value would be aprox 250 max (it's very rural.) My brother does not live there and had to move 35 minutes away before my dad died to be close to services that support him.

I am confused about the dwelling house exemption. Is this a factor when under the threshold for inheritance tax or is it a factor when you inherit a property full stop.

I'd really appreciate advice.

Many thanks.

CAT is calculated on the value of an inheritance.

Everyone has a tax-free threshold of € 335,000 (February 2024 value) - it is now € 400,000 but as your father died in February 2024, this is the value to be used.

The calculation is base don the cumulative value of inheritances and gifts received from parents since Dec 1991

The value can be reduced by the dwelling house relief but as the total value is below the threshold, this is not relevant.

No tax would be due if your brother inherits the whole house as its value is below the threshold.

You don't say if there was a will - if not, then your father's estate would be divided amongst all his children equally

Thank you Jpd. Probably very basic my query but I just wasn't sure. I appreciate you taking the time to respond. Happy Xmas and New Year in advance.