Dwelling House Relief Finance Act 2017 – The Dwelling House Relief is a tax relief measure that was introduced by the Irish government as part of the Finance Act 2017. The purpose of the relief is to provide some relief from inheritance tax to individuals who inherit a dwelling house from a deceased person.
The relief is intended to help beneficiaries who may otherwise face a large tax bill when inheriting a family home. The relief is subject to certain conditions, including that the property must have been the main residence of the deceased and that the beneficiary must have occupied the property as their main residence for a certain period of time.
The Dwelling House Relief is an important measure for many families in Ireland, and it is important to understand the conditions and requirements for claiming the relief.