CGT non resident

[Blueboyblue]

Im from UK, im the sole beneficiary of an estate of land and house in Ireland from inheritance. Probate was put in 2 years ago, approved 2 months ago, estate is now on the market.

Is this correct;

33% CGT is paid on the difference between the market value at time of death and the value the property is sold at?

Just say for example at time of death 200k and sold at 250k then 33% on 50k?

 

[jpd]

Yes, this is a liability of the estate not the beneficiaries

It is not the difference between the sale value and the market value at time of death but between the sale value and the probate value, which may have been the estimated market value at the time of death, of course

Selling fees, etc can be used to offset the sale proceeds when calculating the capital gain