Question asked:

0
0

I have a client who along with her 4 siblings inherited a house and a small piece of land from their mother after her death in 2015. The property was never put into their names and there would be no CAT due to the valuation of the property at date of death of only €86k in total. The property was sold this year and my question is - is this a sale of the property by the estate and a distribution of the proceeds or can it be deemed a sale of an asset by each of the siblings (one fifth share of the house and land) and hence allow each of them to claim the personal exemption of €1270 in their CGT calculation.

Marked as spam
Posted by (Questions: 7, Answers: 1)
Asked on 14 August 2019 10:22 am
40 views