Exemption for a dwelling house
Qualifying conditions for inheritance on, or after, 25 December 2016
You will be exempt from Capital Acquisitions Tax (CAT) on the inheritance of a dwelling house if, at the date of the inheritance:
- the house was the only or main home of the person who died (this condition does not apply if you are a dependent relative)
- you lived in the house as your only or main home for the three years immediately before the date of the inheritance
- you do not own, or have an interest in, any other house
- you do not acquire an interest in any other house from the same disponer between the date of the inheritance and the valuation date
- the house continues to be your only or main home for six years after the date of the inheritance. This does not apply if you:
- are aged 65 years or over at the date of the inheritance
- are required by reason of employment to live elsewhere
- or
- are required to live elsewhere because of mental or physical infirmity, and this is certified by a doctor.
Next: Qualifying conditions for a gift on, or after, 25 December 2016