Republic of Ireland Law
Republic of Ireland Law Questions Answered by Experts
1. There is a Double Taxation agreement in place between Ireland and Britain which covers estate and succession taxes. Accordingly, if your have been assessed for tax in the UK you won't get taxed a second time in Ireland. Under English law, you have tax paid by the estate, not by the individual, with all estate taxes being paid before there is a distribution. Under English law, the first £325,000 is tax free. After this sum, Inheritance Tax is paid by the estate depending upon the liability of each individual beneficiary to tax. Accordingly, the solicitor to the estate will be able to tell you the value of the estate and the liability to tax of each individual inheritance. However, the important point is that you will get taxed on your inheritance under English law. A fresh liability to Ireland's Capital Acquisitions Tax will not arise once you have paid or been assessed for English Inheritance Tax.
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