I would like to ask those in the know here about the benefits (or lack thereof), taxation wise, of gifting versus inheriting. An estate worth approx €1.3m split between 4 children are the figures in question. The €1.3m is split 75% land & house, 25% money. no mortgages are owing on the property. The children have all agreed that the land is not to be sold, but leased instead, in order to not have it get overgrown/wild. This is not in question, and I only mention it as I know this is often focused on in questions like these. All the children own their own houses (albeit mortgaged), 3 in Ireland and 1 abroad. Does Stamp Duty apply to those living here if gifted or inherited? Does it make those living abroad into 'property owners' and therefore not eligible for FTB status, if they choose to buy here? Does owning property abroad have any bearing on FTB status in Ireland either? Can the children be made joint owners of the property? Does this carry any tax implications? Ditto for the monies. Can they open a joint account and lodge the money there (as it will therefore not be subject to inheritance tax in the eventuality)? I am aware that banks now require a PPS number when opening bank accounts, I assume that The Revenue Commissioners check accounts with large deposits with some kind of complicated algorithm in order to ensure tax compliance. If not, then why the PPS requirement? Money Laundering? Note: I am not looking for ways to evade tax. But the more that the children can keep after tax, then the better (for them). Also, I have an appointment with a solicitor to iron out things, but I would like to be forewarned and forearmed before I see him. Sorry for all the questions, but things were popping into my head as I began typing. I appreciate any and all constructive replies.