My grandmother died earlier this year. One of my aunts and my uncle are executors to the will. The house was willed to my grandmother’s six children (my father along with his brother and four sisters). The six of them had a meeting to decide what to do with the house. It was agreed to give me and my wife first refusal on the house. When my grandmother went into care 2 years ago, the house was valued by an auctioneer at 180k as part of the fair deal process. My wife and I thoroughly checked out the house and offered what we believed was a fair price of 200k. The family accepted. It is the executors intention that the house be transferred directly to me and my wife from my grandmothers estate thereby saving the need to transfer to the family and the associated conveyance fees. In the background to this the probate process is underway. For the probate process the house was valued at 280k. When I told our solicitor this he said that given the disparity between this valuation and the accepted offer, the balance could be seen as a gift which creates a tax liability for me and my wife. I have been lead to believe that auctioneers sometimes inflate valuations for probate to remove any chance of a tax liability for those the house was willed to, in this case my father and his brother and four sisters. My question is: could there be a tax liability for me and my wife? How could Revenue become aware of it? How can we avoid the tax liability? Or is our solicitor unnecessarily worrying us?