Hello,
I know this question has probably been asked before. (I did a search but couldn't find anything).
My Mother-in-law is transferring her home to my wife and will this house will be in my wife's name only.
It is then our intention for our family to live in this home as our PPR with the house still remaining in my wife's name only.
The value of the property being transferred is less than the CAT threshold from parent to child of €335,000 (Group A).
I assume there will be no tax liability on this transfer as the property will only be in the name of my wife?
Any advice welcome.
techman
I know this question has probably been asked before. (I did a search but couldn't find anything).
My Mother-in-law is transferring her home to my wife and will this house will be in my wife's name only.
It is then our intention for our family to live in this home as our PPR with the house still remaining in my wife's name only.
The value of the property being transferred is less than the CAT threshold from parent to child of €335,000 (Group A).
I assume there will be no tax liability on this transfer as the property will only be in the name of my wife?
Any advice welcome.
techman