UK inheritance tax Q

[john77]

Hi all,

I've had a search through previous threads on inheritance tax, but i'm still not 100% confident that I have the answer. My siblings & I have recently inherited an amount of STG£8K each from an aunt who lived in the UK. As far as I understand, UK tax would have been deducted prior to the solictor sending us the cheques. Are there any Irish tax implications for us? One of my brothers is self-employed so I'm not sure if this will make a difference in tax terms?

 

[putsch]

you can inherit up to about 52K euro from an aunt/uncle without paying CAT - if your aggregate inheritances (from all/any aunts and uncles) is below that amount then there is no liability.

 

[Mini3277]

You'd want to confirm that English Capital Acquisitions Tax was deducted on your inheritance.

Then you'd want to have a look at the double taxation treaty, although as mentioned above you probably won't have an Irish tax liability based on the current group thresholds.