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Hi Alan,
I have a client who is executor and sole beneficiary to an estate which contains 2 bank accounts and one post office account (one with €90k, one with €40k and €30k in the post office) My client was a joint account holder with the deceased on all 3 accounts for convienence purposes only. This occurred in 2016. My client has used some of the funds in the post office account since 3 May 2017. The deceased died on 3 May 2017. Is the valuation date for CAT purposes the 3 May 2017 ? if so the IT 38 is late and will incur penalties and interest. It is my understanding that the account with €90k is frozen by the bank until consent is received from Revenue as it is over €50k. Can this be used to determine a later valuation date?
Regards,
Paul

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Posted by (Questions: 31, Answers: 14)
Asked on 30 January 2018 2:44 pm
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