threseholds (Group B): collective or individual?

[chester]

Hi,
This may seem like a simple question, but i cannot make out for certain the answer from the revenue dot ie website.

From the thresholds listed
in revenue dot ie

The group B threshold for Niece/nephew is 33,500euro. But is this per individual aunt/uncle or as a collective?

For example,
- Uncle A leave niece A a sum of 33,500euro. The whole thresehold is used up and there is no tax liability.
- Now subsequently Uncle B dies and leave niece A a sum of 10k (or whatever).

Question: Does the inheritance from Uncle A and Uncle B both have an individual threshold of 33500e. Or has it all been used for Uncle A, and now there is a full tax liability due on that from Uncle B?

I hope that makes sense, and appreciate if anyone can answer or better still point to me on the revenue dot ie site where it says that.

Kind regards,
Kat

 

[huskerdu]

The threshold is the maximum that an individual can get as gifts or inheritances from any number of people in category B

in the case you outline the inheritance from uncle B will be subject to CAT.

 

[chester]

Thanks

Thanks Huskerdu, for such a fast a clear response. Very much apprecicated. Kind regards, Kat