185 Deputy Billy Timmins asked the Minister for Finance the position in relation to a person (details supplied); if, in view of the fact that the person’s brother died on 19 June 2007 but probate was not completed until 18 February 2008, the group B threshold of €52,121 for 2008 will apply and not the €49,000 threshold; if, as the person is liable for interest at the moment despite the fact that the house is on the market and waiting for the sale to be closed and with regard to the three years prior to the inheritance and tax exemption as the beneficiary did reside in the house until his or her twenties, this constitutes certain circumstances; if the house is exempt from gift or inheritance tax or a reduction in same; and if he will make a statement on the matter. [22616/08]

Summary

185 Deputy Billy Timmins asked the Minister for Finance the position in relation to a person (details supplied); if, in view of the fact that the person’s brother died on 19 June 2007 but probate was not completed until 18 February 2008, the group B threshold of €52,121 for 2008 will apply and not the €49,000 threshold; if, as the person is liable for interest at the moment despite the fact that the house is on the market and waiting for the sale to be closed and with regard to the three years prior to the inheritance and tax exemption as the beneficiary did reside in the house until his or her twenties, this constitutes certain circumstances; if the house is exempt from gift or inheritance tax or a reduction in same; and if he will make a statement on the matter. [22616/08]

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• Tax Code.

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