I have completed a personal probate and received the grant of representation.
Next step is CAT filing, and I am wondering if I should get help.
It seems straightforward.
The disponer has one property (share in residence) and savings.
The property (no cash) is going to Person A, a sibling who shared the ownership and residence, has no other properties.
- Must file IT38 (not IT38S) due to relief claim
- Claim Dwelling relief
- No tax to pay
Cash (no property) is going to Person B, a sibling.
- File IT38S
- No previous Group B inheritances, claim relief at max Group B Threshold (€32,500)
- Pay CAT of 33% on the rest
My question - are there any advantages in getting a professional to do the filing? Someone has suggested to me that any fees charged would be more than covered by reliefs that they will claim.. but I can't see where they would arise. What am I missing?
Thanks for any advice.
Next step is CAT filing, and I am wondering if I should get help.
It seems straightforward.
The disponer has one property (share in residence) and savings.
The property (no cash) is going to Person A, a sibling who shared the ownership and residence, has no other properties.
- Must file IT38 (not IT38S) due to relief claim
- Claim Dwelling relief
- No tax to pay
Cash (no property) is going to Person B, a sibling.
- File IT38S
- No previous Group B inheritances, claim relief at max Group B Threshold (€32,500)
- Pay CAT of 33% on the rest
My question - are there any advantages in getting a professional to do the filing? Someone has suggested to me that any fees charged would be more than covered by reliefs that they will claim.. but I can't see where they would arise. What am I missing?
Thanks for any advice.