Stamp Duty on inherited land?

T

tommybc

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Hi

Just wondering would I have to pay stamp duty as well as inheritance tax if I inherited land off a family member?
 
Thank you, does this mean there is stamp duty in inherited land?

or like inherited properity, is there no stamp duty on inherited land?
 
No stamp duty on either, but capital acquisitions tax on both. The solicitor transferring to you should be able to advise you, or put you in touch with a tax consultant who could.
 
Thank you, would I be right in saying capital acquisitions tax , for a willed item from a parent, only applies to items valued over €335,000 ?

Capital Acquisitions Tax

If you receive a gift, you may have to pay gift tax on it. If you receive an inheritance following a death, it may be liable to inheritance tax. Both these taxes are types of Capital Acquisitions Tax.
www.citizensinformation.ie www.citizensinformation.ie
 
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