We have a client who received an inheritance of approx €200k from an Aunt. He is res/ord/dom in ROI. Her total estate was €1.35m.
His Aunt was res/ord/dom in the U.K. Her estate was subject to inheritance tax in the U.K.
I assume my client can get a credit for the UK tax suffered on his portion of the estate tax in the UK against his CAT liability in ROI even though it is the estate that is taxed in the UK and not the beneficiaries.
Have you any guidance on Taxworld as to the calculation of the effective rates etc.