Z zepplin Registered User Messages 16 15 Sep 2010 #1 Hi, the exemption limit for OVER 65s who are married is €40000. What is the exemption limit in that year when one of the spouses dies?
Hi, the exemption limit for OVER 65s who are married is €40000. What is the exemption limit in that year when one of the spouses dies?
G Graham_07 Registered User Messages 2,889 16 Sep 2010 #2 Once one is over 65 in the year then the Exemption Limit is €40,000. It remains €40,000 for a widowed person in the year of bereavement once either spouse is over 65. ( Section 188 TCA 1997 )
Once one is over 65 in the year then the Exemption Limit is €40,000. It remains €40,000 for a widowed person in the year of bereavement once either spouse is over 65. ( Section 188 TCA 1997 )