There were two in my fathers family. My Dad with 6 children, (I am the eldest), and my uncle with no children and un married.
My Father and Mother are long dead, uncle made a will as follows:Leaving me the house and the land to divide it as I see fit, NOT naming Names. It is valued at approx €2,000,000
I wish to divide it amoung the 6 of us. (OK I did a little work on the land and may claim a little more than the others)
My Question is:-
1...What Tax will apply by me giving my brothers and sister this money?.
2...The fact they were not named in the will does it cause Tax problems?.
3...What Tax will apply to me as my name appeared in the will?
Joe Rock
My Father and Mother are long dead, uncle made a will as follows:Leaving me the house and the land to divide it as I see fit, NOT naming Names. It is valued at approx €2,000,000
I wish to divide it amoung the 6 of us. (OK I did a little work on the land and may claim a little more than the others)
My Question is:-
1...What Tax will apply by me giving my brothers and sister this money?.
2...The fact they were not named in the will does it cause Tax problems?.
3...What Tax will apply to me as my name appeared in the will?
Joe Rock