A father lost his son. Then Revenue hit him with a €170,000 inheritance tax bill. There is a relief when a parent inherits from a deceased child. But this case shows how aggressively Revenue can act, even with strong evidence. Cash gifts. Witness statements. Post Office records. Still not enough, according to Revenue. It took nine years and a Tax Appeals Commission hearing to overturn the assessment. This is why inheritance tax and estate planning need proper advice, especially where Revenue dis
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A father lost his son. Then Revenue hit him with a €170,000 inheritanc…
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TikToktaxunwrapped
Cohabiting couples often assume they are treated the same as married couples. They are not. In this case, a woman inherited money from a joint account after her partner died. Because they were not married, Revenue treated it as a taxable inheritance. The cost was €50,000. This is a real and common inheritance tax trap for cohabitants. Don’t let lack of planning leave your family exposed. For advice on inheritance tax and estate planning, visit the link in my bio or go to taxunwrapped.ie. #taxtip
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🇺🇸 President Trump says 0% income tax could be coming soon, citing strong government revenue. “The money we’re taking in is so enormous, you won’t even have income tax to pay,” he said. 💬💰 #USA #Trump #Economy #IncomeTax #BreakingNews #USPolitics #Finance #Leadership | Stand with Israel
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