Capital Acquisitions Tax owed: €30k

T

tom_12345

Registered User
Messages
60
Hi,

I inherited a house from my Uncle some months ago. Currently going through Probate.
€30k is owed as part of CAT.

Am thinking of renovating the house & renting it out.
is there any way to offset the CAT?
I have my own house so inherited house wont be my primary residence.

Thanks
 
What you do with the asset after inheritance has no impact on any CAT due.
 
Thanks for replies, as I expected.
My wife also in the process of inhering a house from her family, even though we have our own house, no CAT due on that house.
asset rich & cash poor indeed!
 
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