Probate Tax

[Angelab]

Hi

My Father died in 1995 having made a will leaving the house to my Mother for life and then to me and leaving a plot of ground to my brother absolutely. My Mother died in 2009 and I am wondering what is the situation regarding Probate Tax. Do we owe Probate Tax (approximate value of house €120,000 and plot of land €50,000 in 2009) and if we do is it due since 1995 or 2009.

I would appreciate any information regarding this as I am extremely worried about how much tax is owed, if any, as I am on a very low income and I am dreading having to pay Probate Tax and Solicitors fees.

Thanks
Angela

 

[Deiseblue]

Probate Tax was abolished under the Finance Act 2001.
If Probate Tax was payable by your late Father's Estate it should surely would have been paid prior to the administration of his Estate being finalised ?

 

[Angelab]

Hi Deiseblue

Thanks for your reply. The Estate hasn't been administrated as we were waiting until my Mother died before doing it. Even though the tax was abolished in 2001 I think the fact that my Father died in 1995 that the tax maybe due.