110. Deputy Seán Haughey asked the Minister for Finance his plans to amend the capital acquisitions tax provisions whereby siblings not living in the family home but who inherit this home from a deceased sibling are obliged to pay this tax straight away even though the house cannot be sold as another sibling who is not inheriting the house has a right of residence to remain there; his views on whether these provisions are unfair; if the Revenue Commissioners will examine such cases sympathetically particularly when those inheriting the house only have the State pension as income; if the tax can be paid in instalments; if interest is charged in circumstances in which the payment is deferred; and if he will make a statement on the matter. [50024/17]

Summary

110. Deputy Seán Haughey asked the Minister for Finance his plans to amend the capital acquisitions tax provisions whereby siblings not living in the family home but who inherit this home from a deceased sibling are obliged to pay this tax straight away even though the house cannot be sold as another sibling who is not inheriting the house has a right of residence to remain there; his views on whether these provisions are unfair; if the Revenue Commissioners will examine such cases sympathetically particularly when those inheriting the house only have the State pension as income; if the tax can be paid in instalments; if interest is charged in circumstances in which the payment is deferred; and if he will make a statement on the matter. [50024/17]

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• Tax Collection

  xml · EN · 28 November 2017

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