New inheritance tax limit of 400K

R

Ronaldo9

Registered User
Messages
12
Hi all

If probate hasn't been submitted yet and with the new inheritance tax limits coming in, I presume the new limit is in effect i.e. there's a 400K limit in place for a grant of probate being submitted from this day forth? Could someone please clarify?
 
It seems to be in effect from today but I don't know if that means for deaths from today, valuation dates from today, probate applications submitted from today etc...

CAT threshold increases

Group A to €400k Group B to €40.000 Group C to €20,000
www.askaboutmoney.com
 

Important dates for CAT

This page explains the important dates for dealing with CAT
www.revenue.ie

The date of an inheritance is usually the date of death of the person leaving the inheritance.

These dates determine the Capital Acquisitions Tax (CAT) rates and the group threshold that apply.
Click to expand...
 
Thank you! I wonder can that be open to interpretation? "Usually" - I wonder if that's even if probate hasn't been submitted?
 
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