I have tried to search for posts on this, but have been unable to find an answer.
I have inherited a house and a substantial amount of money from a cousin in UK. Would anybody know:
1. To whom am I liable for tax - Uk Revenue or Irish Revenue?
2. Will the solicitors ( in UK ) handling the estate pay the tax if due to UK Rev. before I get the money, or will I have to see to it myself?
3. Have I to inform the Rev. here if it is due to be paid in Ireland?
4. Is there anyway I can reduce the amount of tax to be paid? I believe it is 40%.
5. Can anyone suggest who I get to look after this for me - a solicitor, an accountant, or a tax consultant?