Don't think so. From speaking to the family member, when they were told what tax was owed which was the sum mentioned, they told the Solicitor the house was going up for sale the following year only to be told that the house was never registered in the deceased owners name when they bought it so the original seller had to be tracked downThe title issues should have arisen during the estate administration period. Was that the case?
Well unfortunately that's what seems to have happened.It is difficult to see how the property could have been vested in the beneficiary without first establishing title.
Well unfortunately that's what seems to have happened.
When the beneficiary went to sell the property was only told then "sorry you can't sell as it doesn't seem to be in your relatives name" even though the deceased lived there for approx 10 years or over.
Seems to have been an oversight with the original Solicitor not registering the house properly in the first place.
The deceased bought the house with cash we presume and lived there up to his death.Something not making sense here,if there person who bequeathed the house was not its registered owner then how could your family member receive it as a beneficiary.
Update on this:
Finally got this sorted in favor of the beneficiary.
Revenue eventually accepted original Solicitor's mistake. Got most of the inheritance tax paid back as well.
Have to agree 100%. The tax consultant is the best approach. The Revenue official at the counter or at the end of the phone does not have the depth of revenue law necessaryA great resolution. Any tax consultant worth his/her salt would have sorted this, but as with many tax related issues, the taxpayer could have ended up paying the erroneous tax and penalties in the absence of advice to the contrary.
Nobody should EVER rely on Revenue for tax advice.
+ 1Have to agree 100%. The tax consultant is the best approach. The Revenue official at the counter or at the end of the phone does not have the depth of revenue law necessary
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