Patrick dies and leaves his farm, valued at €350,000, to his son, Robert. The remainder of his estate he leaves to his daughter, Sheila.
Robert, who has no interest in farming, decides to disclaim the farm and instead takes a payment of €250,000 from the estate.
Robert is treated as having inherited €250,000 from his father.
Sheila is treated as taking an inheritance of the farm and the rest of the estate, less the €250,000 passing to Robert.