CA25 - Inland Revenue Affidavit Guide - Property in the State passing under the Will/Intestacy of the deceased
Copy of the Will/Codicil (if any) must be attached.
This Part is a schedule of all the assets in the State which the deceased owned and which are passing under his/her will or under the rules of intestacy.
The preamble (see type in brackets immediately beneath Part 4 heading in Form C.A. 24) "include also any property under Part IX or Section 56 of the Succession Act, 1965, or under any analogous law" relates to the need for executors/administrators to take into account the implications of a spouse's or civil partner's right to acquire the family home - Section 56 of the Succession Act, 1965 - and the rights of the spouse, civil partner and children to be adequately provided for - Part IX of the Succession Act, 1965.
Where questions arise regarding this piece of legislation, you must obtain legal advice.
1. Real and leasehold property
- Please furnish the gross market value at the date of death of immoveable assets, i.e. houses, apartments, lands etc. held by the deceased in his or her sole name within the state together with the gross market value at the date of death of a specific share of an immoveable asset which the deceased held as a tenant in common within the state.
- Note that the properties held in the sole name of the deceased and the property held as a tenancy in common must both be detailed in the Schedule of Lands and Buildings in Part 7 of the Inland Revenue Affidavit and the property held as a tenancy in common must be detailed in Part 6 of the Inland Revenue Affidavit.
2. Household contents
- Enter gross market value of household contents, e.g. furniture, antiques, jewellery, paintings etc.
- Enter the gross market value of cars/boats
4. Business assets not included elsewhere in this Part
- Enter gross market value of farming assets, e.g. livestock, bloodstock, farm implements, machinery etc.
- Enter gross market value of other business assets, e.g. goodwill, plant and equipment, stock-in-trade, book debts, etc.
5. Assets with financial institutions (e.g. banks, building societies, insurance companies, post office, credit unions etc.)
- Enter name and branch of each financial institution in which accounts are held.
- Enter account numbers or other reference numbers.
- Enter amount in each account at the date of death.
- Property passing by nomination or survivorship should not appear here but should be included the Questionnaire, Questions 1 and 2.
6. Proceeds of life insurance policies
- Enter the name of the institution, policy number and gross value of the proceeds at date of death.
- If insurance policies are payable to the estate on the death of the disponer, they should be detailed here.
- However where the benefit is not payable to the estate but to named beneficiaries, the amount should not appear here but should be included in Questionnaire, Question 3.
7. Debts owing to the deceased
- Enter the name and address of the debtor and amount owing to the deceased at the date of death.
8. Stocks, Shares and Securities
- Description (including unit of quotation, size of holding and quoted price per unit)
- Quoted shares are shares quoted on the stock market.
- Enter description
- Name of Company - Arnotts plc
- Unit of quotation - Ordinary Eur €1.27
- No. of shares - 2000
- Quoted price per unit - €6.42
- Enter gross market value at the date of death
- Dividends accruing to the estate.
- Where shares are quoted "ex-dividend", the dividend should also be included. Enter amount of dividend.
9. Unpaid purchase money of property contracted to be sold in the deceased’s lifetime
- An example of this is where the deceased had signed a contract for the sale of property and had died before the proceeds of sale were paid over.
- Enter the gross market value.
10. Any other property not already included
- Enter a description and gross market value of any other property to which the deceased was entitled.
- Enter Total Gross Irish Estate at (A)
11. Irish debts owing by the deceased and funeral expenses payable in the State
- Enter details of all debts due by the deceased to persons resident in the State, or to persons resident outside the State but contracted to be paid in the State, or charged on property situated within the State.
- Enter Total Irish debts at (B)
- Enter Total Net Irish Estate at (A-B)
- With the exception of funeral expenses (including costs for a headstone and funeral meals, provided they are reasonable), no other costs or expenses incurred after the date of death may be deducted.