Why don't the use some of the cash assets to pay the inheritance bill and then share out the proceeds of the house sale when that occurs.
This would certainly concentrate their mind when it comes to selling the house, as they won't touch much of the inheritance until it is sold.
yes, but on the other hand, he is getting an asset worth 700,000 (less CAT @ 33% = 469,000) whereas his brother/cousin is "only" getting 500,00 (less CAT @ 33% = 335,000) - I know, I have ignored the tax-free threshold of € 32,500
This is all very unseemly. How do the nephews know exactly what is in the will? Who is the executor?
As two brothers have no legal arrangement in place, then the executor will sell the house, divide up the assets and pay the taxes and debts.
Uncle should have divided his estate better to avoid handing so much to the tax man.
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