Can you offset costs associated with selling the house against CAT?
If the Executor sells the house and pays you the money, the CAT calculation should be very simple.
Awwwwww jeez!!
CAT and CGT are 2 different taxes.
Based on the limited info you've given it's impossible to speculate on how much CAT was payable, except that it would appear to be the amount the solicitor has held back...!
Nope, you're missing the point - the tax he's holding back is probably CGT, not CAT, or possibly both. Assuming there's a gap in time between when the property was valued for probate, and when the disposal took place, there may be a CGT liability for the estate to pay on the increase in value...
Also possibly additional CAT, since the benefit being received has gone up from what was originally estimated as the property value has increased (depends on when the valuation date for CAT purposes is).
That's interesting. We had to put a value on the house for probate purposes. It was a best guess. It took about 3 months to get probate and a further 2 months to sell the house. In the 5 month period the house increased from our best guess valuation by €55k. So this €55k in now subject to CGT. Can any off the same €30k costs be offset against this CGT?
You can't use costs twice!!
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