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Ireland · Question · written

PQ 113

146 Deputy Alan Shatter asked the Minister for Finance his plans to introduce amending legislation regarding probate values given to homes in the 2006 and 2007 period which are grossly unrealistic and over-valued and which have, since the furnishing of such valuations, proved impossible to sell at the valuation price to the detriment of testamentary beneficiaries who have been fixed with inheritance tax liabilities which they are incapable of discharging based on the unrealistic values; if he will make provision for inheritance tax to be charged on the basis of the price obtained from the sale of such property where such property is sold within seven years of the grant of probate for a sum below the probate valuation; and if he will make a statement on the matter. [18182/10]

askedIreland· Dáil Éireann· EN

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5 May 2010

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5 May 2010

Summary

146 Deputy Alan Shatter asked the Minister for Finance his plans to introduce amending legislation regarding probate values given to homes in the 2006 and 2007 period which are grossly unrealistic and over-valued and which have, since the furnishing of such valuations, proved impossible to sell at the valuation price to the detriment of testamentary beneficiaries who have been fixed with inheritance tax liabilities which they are incapable of discharging based on the unrealistic values; if he will make provision for inheritance tax to be charged on the basis of the price obtained from the sale of such property where such property is sold within seven years of the grant of probate for a sum below the probate valuation; and if he will make a statement on the matter. [18182/10]

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Proposed Legislation.

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