badgerbill
Registered User
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- 2
Hello,
I am a UK resident. My parents are Irish residents.
They recently transferred ownership of their Irish home in to me.
At the point of transfer it was valued below the threshold for Capital Acquisitions Tax (ie: less than €225k) so I will not pay tax to the Irish Government (apart from 1% stamp duty for the transfer of the property).
But here's my question. As a UK resident do I now face a UK tax bill for being given an Irish property?
I am a UK resident. My parents are Irish residents.
They recently transferred ownership of their Irish home in to me.
At the point of transfer it was valued below the threshold for Capital Acquisitions Tax (ie: less than €225k) so I will not pay tax to the Irish Government (apart from 1% stamp duty for the transfer of the property).
But here's my question. As a UK resident do I now face a UK tax bill for being given an Irish property?