Inheriting brother's property could cost you your pension :

Inheriting brother's property could cost you your pension


My mother, who rents from
the council, was left a house worth €300,000 by her brother whom she looked after for three years and who sadly passed in 2019. The will is currently being contested by his only son.
My mother is worried about the tax she will have to pay. She is in her 70s
and has never lived at the property which she has been given in the will. She doesn’t own any property and is on State pension.
I’m wondering if there are any loopholes regarding tax? Also, when and if she does receive this property, would she be best off selling it in the bad condition it is in or investing time and money into preparing it for sale to hopefully have it sell for more?

Related Keywords

Ireland , , Department Of Social Protection , Social Protection , Business , Personal Finance , Dominic Coyle , Revenue Commissioners , Inheritance Tax , Capital Gains Tax , Contributory State Pension , Inheritance , Instalment Payment Plan , Means Test , Non Contributory State Pension , Self Assessed , ஐயர்ல்யாஂட் , துறை ஆஃப் சமூக ப்ரொடெக்ஶந் , சமூக ப்ரொடெக்ஶந் , வணிக , தனிப்பட்ட நிதி , ஆதிக்கம் செலுத்தும் கோய்ல் , வருவாய் ஆணையர்கள் , பரம்பரை வரி , மூலதனம் ஆதாயங்கள் வரி , பங்களிப்பு நிலை ஓய்வூதியம் , பரம்பரை , தவணை கட்டணம் திட்டம் , பொருள் சோதனை , அல்லாத பங்களிப்பு நிலை ஓய்வூதியம் , சுய மதிப்பீடு செய்யப்பட்டது ,

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