{"id":68024,"date":"2025-08-14T16:15:08","date_gmt":"2025-08-14T16:15:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/68024\/"},"modified":"2025-08-14T16:15:08","modified_gmt":"2025-08-14T16:15:08","slug":"businessman-loses-appeal-over-e317312-inheritance-tax-bill-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/68024\/","title":{"rendered":"Businessman loses appeal over \u20ac317,312 inheritance tax bill \u2013 The Irish Times"},"content":{"rendered":"

A senior businessman \u201cstruggling to survive emotionally\u201d has lost an appeal against a \u20ac317,312 bill for capital acquisitions tax (CAT)<\/a> stemming from his inheritance<\/a> of a house from his aunt.<\/p>\n

The man\u2019s aunt died in 2017 and he inherited a home from her. Following an investigation, the Revenue Commissioners<\/a> last year issued a bill to the man alleging underpayment of \u20ac288,465 in CAT along with \u20ac28,846 surcharge for a late filing.<\/p>\n

Revenue issued its assessment on the basis that the house the man received was not his aunt\u2019s main residence and that he also received free accommodation and cash gifts from the woman.<\/p>\n

Disputing the assessment and claiming exemption from inheritance tax, the man claimed he was a dependent relative of his aunt and that he is permanently incapacitated due to ongoing mental health issues.<\/p>\n

A submission to the Tax Appeal Commission<\/a> stated that the former managing director is at the end of his working life and unable to support himself. It further said he was \u201cvery vulnerable and emotionally struggling to survive, which his medical reports have clearly stated\u201d.<\/p>\n

However, in her findings, appeals commissioner Clare O\u2019Driscoll found that at the time of the aunt\u2019s death in 2017 or before it, the man was not permanently and totally incapacitated due to mental or physical infirmity from maintaining himself. grounds that would have excused him from inheritance tax.<\/p>\n

Ms O\u2019Driscoll said the medical documentation submitted did not establish that the appellant was at any time permanently and totally incapacitated.<\/p>\n

She also pointed to the man\u2019s LinkedIn<\/a> profile from August 2022 which stated that the man was at the time managing director of a business and had been since July 1988.<\/p>\n

A letter, dated April 2024, saying the man \u201chas suffered from an extremely disabling condition for the past 25 years or so\u201d was submitted on his behalf by a doctor.<\/p>\n

The appellant \u201cis doing everything in his power to combat the exceptional level of anxiety that he is experiencing … It would not surprise me if the High Court designated him as a vulnerable adult and made him a Ward of Court to protect his welfare\u201d, he said.<\/p>\n

However, the doctor did not appear as a witness to be cross-examined.<\/p>\n

Ms O\u2019Driscoll accepted that the appellant has experienced poor mental health since at least 2008 but none of the documentation states that the appellant was at any time permanently and totally incapacitated.<\/p>\n

She found that the man was not a dependent relative and therefore not entitled to an exemption from CAT on that ground. She also said the man was not entitled to an exemption to CAT as the home was not his aunt\u2019s main residence.<\/p>\n","protected":false},"excerpt":{"rendered":"A senior businessman \u201cstruggling to survive emotionally\u201d has lost an appeal against a \u20ac317,312 bill for capital acquisitions…\n","protected":false},"author":2,"featured_media":68025,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,63,99,186,15868,16585,184,185,15870,4961,53973],"class_list":{"0":"post-68024","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-finance","12":"tag-inheritance","13":"tag-linkedin","14":"tag-personal-finance","15":"tag-personalfinance","16":"tag-revenue-commissioners","17":"tag-tax","18":"tag-tax-appeals-commission"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/68024","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=68024"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/68024\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/68025"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=68024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=68024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=68024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}