Republic of Ireland Law
Republic of Ireland Law Questions Answered by Experts
1. Can you tell me what you intend to do? Are you the sole heir and executor? How long do you want to postpone taking an inheritance? What comprises the estate of the deceased in the way of property, money, shares, debts and so forth? Who is the residuary legatee?
2. The absolute longest time period you can leave an estate unadministered is 12 years. At this point, the estate becomes State property in Ireland. So, at this juncture, any real property would revert to the Irish state. However, be aware that if Capital Acquisitions Tax was not paid by an estate within four years of probate being taken out, a charge would then be levied. So, whilst you can wait from an ownership point of view, the Irish state will want Inheritance taxes paid before then.
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