Property Inheritance Tax Query

WF_100

Hi Everyone,

I wanted to ask this question as I can't find an explanation anywhere.

Some context, my partner is an only child and we had the idea of moving into her family home (A home she has lived all her life, 25+ years) and paying rent to her parents. It would be then, that once the time comes it would be handed down to her.

My question would be, because we are together, would I be required to pay inheritance tax on the house due to the owners of the property not being a relation of mine therefor I don't fall under the gift amount etc?

And secondly, would it make at all any difference if we were married instead of being a cohabiting couple?

Thank you :)

Sono

If the house is left to your partner then she is the one who deals with any tax payable, nothing to do with you at all.

WF_100

So no matter the marital status and the fact I will also be living there.

If it is plainly put in the Will that she is now the owner, no tax my way?

Sono

They are leaving it to your partner, not you, you have nothing to do with this situation whatsoever.

styron

As her sole home - without any other property interests and staying put for six years post-inheritance - she should be CAT exempt on the value of the property:

https://www.revenue.ie/en/gains-gifts-and-inheritance/cat-exemptions/dwelling-house/qualifying-conditions-inheritance-on-after-251216.aspx