Question: I have some land which I am thinking of transferring to one of my children. I note that the Minister for Finance has announced significant tax changes in the National Recovery Plan. Will these affect me? Answer: Although most of the media comment in relation to the National Recovery Plan has been directed at […]
Tag Archives: tax
As the Executor of a will do I need to deduct Inheritance Tax for the beneficiary?
Question: I am the Executor of a Will and I am about to pay out various legacies. Some of these are quite substantial and the beneficiary would have an Inheritance Tax liability. Do I have to deduct the tax that might be paid or can I simply pay out to the beneficiary? Answer: Recent changes […]
