Inheritance Tax

[butterfield]

Inherited house from parent in 1990 - approx value then €50,000

Inherited money from uncle in 2004 - €300,000

I know the thresholds are different for the above and was wondering how this effects the tax paid.

Paid tax on both at the time but was speaking to accountant recently and he mentioned aggregation and something like you can claim tax relief once on larger inheritance ??? Is this so anyone know ??

 

[Nige]

What exactly is your query?
Have you received another gift/inheritance?

The current aggregation rules apply from December 1991 and apply separately for each category of disponer. So, the inheritance from your parent did not, in any way, impact on the tax on the inheritance from your uncle.