Dwelling House relief
Dwelling house relief
You can receive a house by inheritance or gift and not pay inheritance or gift tax if
a) you continuously occupy the house as your main residence for three years before the inheritance or gift
b) you are not beneficially entitled to any other dwelling home at date of gift or inheritance
c) you are under 55 years old and you have to occupy the dwelling house as your own main residence for period of 6 years
It is subject to additional qualifying conditions
Any queries on same give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie