INHERITANCE TAX 

Q – My son is coming to live with me – I am a widow aged 64 – and is spending about € 80,000 on converting part of the house for his own space. I do not want to disinherit my other son and daughter but if I bequeath the house, then worth € 380,000, to my son and he lives with me for at least 3 years, the home is then out of the tax net and he gets it tax free. Is this right ? He has no other property. How do I sort out my other son and daughter ?  Stephanie  – Portlaois Co Laois

 

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