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CAT/CGT amount to pay

  • 24-03-2010 10:21am
    #1
    bridget T
    Closed Accounts Posts: 6 ✭


    Hi cant seem to find the correct information, a few people in the know with tax have given differing answers.
    A friend of mine(irish resident) has inherited( via will) a house in the UK from her aunt. The house is valued at 115k.
    What are the tax implications for her inheriting the house and for sellling it.(selling would really be only option as she would not have the money upfront to pay solicitors fees if she were to rent it out)
    Or what is the best way to minimise tax paid. Is she liable to CAT and CGT in both countries or does the double tax agreement come in to play.

    Thanks


Comments

  • #2
    Mr. Incognito
    Registered Users, Registered Users 2 Posts: 9,798 ✭✭✭Mr. Incognito


    Visit a professional.

    Please read the charter.

    Thread locked.


This discussion has been closed.
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