Hello, I've inherited over 100,000stg from my Aunt in the uk, probate was complex and the assets where held in a trust fund for all who inherited. Her property was sold after probate was granted and all Uk taxes then paid before distribution.
I'm in Ireland, so I've tax to pay on my inheritance.
My accountant has said that double taxation rule does not apply to my inheritance as it was in a trust that came from the Estate after taxes where paid.
Is this correct why would it not apply ? if anyone can advice
Thank you
I'm in Ireland, so I've tax to pay on my inheritance.
My accountant has said that double taxation rule does not apply to my inheritance as it was in a trust that came from the Estate after taxes where paid.
Is this correct why would it not apply ? if anyone can advice
Thank you
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