I wonder can anyone help with this? Just wondering should I have paid inheritance tax?
In 2010 myself and my husband moved into my father's house as he was unable to live alone any longer - he died in 2013 and left the family home to myself. I already had my own property which I rented out when we moved in with my father (and is still rented). So my fathers house is now our home. The family home was valued at €200,000.
Questions:
1. The fact that I had an interest in another property - does that mean I should have paid inheritance tax?
2. Can I sell the family home or do I need to stay for 6 years?
3. If I sell the other property will I be due to pay CAT?
Thanks in advance.
In 2010 myself and my husband moved into my father's house as he was unable to live alone any longer - he died in 2013 and left the family home to myself. I already had my own property which I rented out when we moved in with my father (and is still rented). So my fathers house is now our home. The family home was valued at €200,000.
Questions:
1. The fact that I had an interest in another property - does that mean I should have paid inheritance tax?
2. Can I sell the family home or do I need to stay for 6 years?
3. If I sell the other property will I be due to pay CAT?
Thanks in advance.