INHERITANCE TAX
Q – My daughter is coming to live with me – I am a widow aged 68 – and is going to spend about € 80,000 on converting part of the house for her own space. I do not want to disinherit my other son and daughter but if I bequeath the house, now worth € 680,000, 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 ? Margaret – Portmarnock Co Dublin