INHERITANCE TAX
Q – My daughter, 36, is coming to live with me – I am a widow aged 66 – and she is spending about € 80,000 on converting part of the house for her own space and at her own expense. I do not want to disinherit my other son and daughter but if I bequeath the house, worth € 330,000, to my daughter and she lives with me for at least 3 years, the home is then out of the tax net and she gets it tax free. Is this right ? She has no other property. How do I sort out my other son and daughter ? Sarah – Limerick