USC on "other income"

[computerman]

Sitting at home too much time on my hands - a thought popped (sp) into my head. If its been asked before I apologise, but can someone answer the following
1. Is the USC due on inheritance money?
2. On the sale of a second property?

Thanks.

 

[WindUp]

Neither

 

[Protocol]

Neither of these are income, so no direct income taxes, like the USC.

 

[Joe_90]

Sitting at home too much time on my hands - a thought popped (sp) into my head. If its been asked before I apologise, but can someone answer the following
1. Is the USC due on inheritance money?

Thanks.

No because this is subject to Capital Acquisitions Tax.

2. On the sale of a second property?

Thanks.

No. Assuming that you are not a trader and that the sale is subject to Capital Gains Tax.

 

[computerman]

thanks for the replies, it was one of those random questions that pops into your head when the politicians are on the tv.