You wouldn't have to move home to be fair...a common misconception
The OP can't claim the dwelling- house relief unless "at the date of the gift/inheritance, (they are) beneficially entitled to any other dwelling- house or to any interest in any other dwelling- house".
http://www.revenue.ie/en/tax/cat/leaflets/cat10.html
So they'd have to dispose of their own house, and live in their parents' house for at least 3 of the next 4 years.
A big hurdle.
You wouldn't have to move home to be fair...a common misconception
The "child" can move into the property after the parents have died. No need for cohabitation.
Please explain how this works I'm intrigued! Trust?
Thanks Gordon,
This is a very, very significant bit of advice - very definitely "Key Post" material.
Fair play....
Dan
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