@taxunwrapped: Here’s a mistake people make with favourite niece or nephew relief. If you’ve worked substantially full-time in your aunt or uncle’s business, you may be treated like their child for gift and inheritance tax purposes when they gift or leave the business to you, provided the conditions are met. That can mean a €400,000 Group A (parent) threshold instead of the €40,000 Group B threshold (other relatives). But here’s the catch: you don’t get a new €400,000 threshold. Any previous gifts or inheritances you’ve received that used your Group A threshold can reduce the amount you have left. Did you know this? #IrishTax #InheritanceTax #TaxPlanning #FamilyBusiness

Derek Andrews

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Region: IE

Monday 17 August 2026 11:02:32 GMT