Cookieandlexi
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My nearest relative is a cousin who will inherit my estate. Can I name them as a favourite relative in order to minimise the amount of inheritance tax they will pay
In case anyone's reading this and hoping to claim it, that's not remotely how Favourite Nephew or Niece Relief works.a relative can be nominated and this person will come under the 400,000 threshold. I see now from reading your post that this only applies to a niece or nephew.
I thought I read in a newspaper article that a relative can be nominated and this person will come under the 400,000 threshold. I see now from reading your post that this only applies to a niece or nephew.
My nearest relative is a cousin who will inherit my estate. Can I name them as a favourite relative in order to minimise the amount of inheritance tax they will pay
Under Irish law you can't marry your aunt or uncle (mother or father's brother of sister).You could marry your cousin.
My nearest relative is a cousin
Under Irish law you can't marry your aunt or uncle (mother or father's brother of sis
Apologies, I was looking at the Nephew or Niece Relief discussion. Marry away!The OP is talking about their cousin.