Capital Gains Tax on inheritance from England?

jj1221

Registered User
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11
Hi,

I received a cash inheritance from my deceased sister in England this year. (March).

Do I have to pay Capital Gains Tax on this amount, how much and how do I go about paying this?

Thanks!
 
CGT is payable when you make a gain on disposal of assets.

It is CAT you need to study.
 
As I understand it you get credit in Ireland for whatever tax is paid in the UK on the estate. For a sister the threshold is 32500 and the tax rate is 33% on anything above that. In Ireland there is also the small gift allowance of 3000 but I don’t know if that applies in your case. There is a double taxation agreement between Ireland and the UK so you should probably get advice from somebody who is familiar with this.
 
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