brighteyes
Registered User
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My aunt who is now very elderly bought me a house in 1985. Neither of us can remember the exact amount that was paid but a receipt dating back to that time would suggest it was around 35,000 pounds (Irl pounds) Not sure if the legal fees are included in that amount as the receipt found is not itemised. My queries relating to this are:
- I dont recall any mention/payment of CAT/gift tax at the time of purchase and am just wondering if I am liable for same retrospectively and if so how is this calculated?
- When was CAT introduced here?
- If I am a beneficiary of assets in the future from any relative in the GroupB threshold bracket will the value of the house bought in 1984 be added for CAT purposes?