Hi,
Our uncle died last year and divided his estate between his nephews and nieces. One of his nieces has already exceeded her category B CAT allowance of €32,500. She wants to do a Deed of Family Arrangement whereby all the beneficiaries agree to amend the terms of the Will so that her father inherits her share. As each beneficiary will receive about €20,000 he as a brother of the deceased would pay no CAT on this.
We don't mind signing this form. We just think she has been misinformed and Revenue will view it as a disclaimer in favour of a particular individual and therefore the original beneficiary is taxed as if she had received the benefit.
Any ideas?
Many thanks,