You may be familiar with dwellinghouse relief. Here a donee will be exempt from CAT where they inherit a dwellinghouse if certain conditions apply. These conditions are, for example, that, the donee lived in the house as their main home for the three years immediately before the date of the inheritance.

Another important qualification is that you cannot own or have an interest in any other house. It should be noted that the restriction on owning another property only relates to residential property. So the donee could be the owner of commercial property, whether in Ireland or abroad, and still obtain the benefit of the relief, if they met the other conditions and had no interest in any other residential property.

Hope this helps and if you have any probate, will drafting, capacity or tax queries, please let me know. Colm Kelly