Cousin Inheritance Threshold

[Lone Star]

For CAT is a first cousin in category B or C. My parents due to inherit from a cousin, no idea yet of the sum, revenue already wrote to them before they have even received it! I'm just not 100% if the threshold for a cousin is 16,250 or 32,500 ?

 

[jpd]

a quick search of the Revenue website throws up this [broken link removed]

Does that answer your question?

 

[Lone Star]

a quick search of the Revenue website throws up this [broken link removed]

Does that answer your question?

It's not specific enough re cousins....

 

[Farma1]

It looks specific enough to me - i.e. Cousin isn't listed in A or B. C is everything that isn't specifically listed in A or B so surely its C???

 

[Monbretia]

I would agree, easier to figure out what it's not than what it is and if the relationship is not covered under A or B then it's C

 

[T McGibney]

It looks specific enough to me - i.e. Cousin isn't listed in A or B. C is everything that isn't specifically listed in A or B so surely its C???

Yes, that's exactly how it works. Everyone outside A & B is counted for CAT purposes as a stranger in blood and falls under Group C.

 

[Lone Star]

i'll ask revenue to be sure

 

[jpd]

As cousins are not listed, then they are group C

 

[Lone Star]

spot on - yip Threshold C. To be honest, it would make life easier for some if they just stated that a cousin is a 'stranger in blood'.

 

[ClubMan]

i'll ask revenue to be sure

Why? It's perfectly clear already.

 

[T McGibney]

Lone Star said:

i'll ask revenue to be sure

Why? It's perfectly clear already.

Also, Revenue "advice" and guidance is worthless and they routinely disclaim it whenever it suits them, pointing out that responsibility for tax returns lies with the taxpayer.

 

[EmmDee]

spot on - yip Threshold C. To be honest, it would make life easier for some if they just stated that a cousin is a 'stranger in blood'.

Why stop there - should they also list second cousins, cousins once removed etc etc. Seems like saying "C is for anything not in A or B" is pretty clear

 

[Lone Star]

Lone Star said:



Also, Revenue "advice" and guidance is worthless and they routinely disclaim it whenever it suits them, pointing out that responsibility for tax returns lies with the taxpayer.

Thanks.

 

[Lone Star]

Why stop there - should they also list second cousins, cousins once removed etc etc. Seems like saying "C is for anything not in A or B" is pretty clear

Well - I wanted to be sure to be sure to be sure. No need to be angsty.