Gift or inheritance of Dwelling House

If you inherit a house and you qualify for the Dwelling House Exemption, you will not have to pay Capital Acquisitions Tax (CAT) on that inheritance.

On inheritances after 25 December 2016, You will be exempt from CAT on a house you inherit if:

the house was the only or main home of the person who died
you lived in the house as your main home for the three years before the person’s death
you do not own, have an interest or a share in any other house, including one you acquired as part of the same inheritance
the house is your main home for six years after you receive the inheritance. This does not apply if you are over 65.

If you receive a gift of a house on or after 25 December 2016, you will be exempt from CAT if:

you are a dependent relative of the person making the gift because you are:
- permanently and totally incapacitated due to a physical or intellectual disability, and you are unable to earn a living
- 65 years or older at the date of the gift
the house was your main home for the previous three years
you do not own, have an interest or a share in any other house
the house is your main home for six years after you receive it. This does not apply if you are over 65.

Any queries on same please do not hesitate to contact us on 091 763817 or email me at oliver@taxreturnhelp.ie