Property in the US

A

Adwas82

Registered User
Messages
8
Hi there,

I am looking for a bit of guidance in relation to my situation.

  • my brother lives in the US and owns a house, which he wants to put under my name.
  • I would not live in the property myself, my brother would as he does now.
From the tax liability perspective, would i need to pay inheritance tax given that the property is worth approx 120k USD?

Thanks for advice.
 
are you getting the house whilst he is alive or when he is dead? Post is ambiguous
 
So you, living in Ireland, would be owner of the house he is living in in the US (given the property value is in USD I am assuming it is a house in the US)? Would he have to pay you rent going forward? What is in it for him?
 
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