Sounds like you need professional tax advice. Revenue don't give tax advice and if you go to them for guidance they have neither obligation nor duty of care to you or any others to ensure that your respective interests are protected and that you respectively pay the minimum necessary in tax on your inheritances.. Again much confusion.... I am going to contact revenue anyway but now very anxious being few months late..... Thank you so much
An inheritance of €120k has been received. The ownership of the house has been transferred.No inheritance has been received as the house is not being sold as of now.
Thank you. I have looked at the form and there is an area for expression of doubt which I intend to set out our confusion in submitting the form IT38. I understand that effectively inheritance has been received and on this basis I believe we are obliged to submit the form.Sounds like you need professional tax advice. Revenue don't give tax advice and if you go to them for guidance they have neither obligation nor duty of care to you or any others to ensure that your respective interests are protected and that you respectively pay the minimum necessary in tax on your inheritances.
Thank you yes I understand that inheritance has been received effectively and the transfer is now complete. I have sent a query to revenue and await a response however my feeling is to submit the form with expression of doubt.An inheritance of €120k has been received. The ownership of the house has been transferred.
I have looked at the form and there is an area for expression of doubt which I intend to set out our confusion in submitting the form IT38.
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