Question asked:


A father died and left the only asset (agricultural land) to his son. The land is valued at €500k. The deceased left behind a significant tax liability of €400k and medical bills of €50k. The land will be sold to pay the liabilities. My question is, for CAT return purposes, does the son receive the land and claim the tax and medical bills of €450k as a deduction or does the estate sell the land, pay the liabilities and the son inherits the residual €50k?

Marked as spam
Posted by (Questions: 31, Answers: 1)
Asked on 3 December 2018 2:36 pm