Inheritance tax Ireland

Budget focus will be helping families with children with the cost-of-living crisis, Micheál Martin says.

He said that the Government may even exceed this year’s targets. “It [housing] is the big social issue of our day which will be a constant for quite some time. There are challenges there, but we will overcome them.” This will need a society wide response, to work together and remove obstacles to development. Mr Martin said he has not seen the report in full. but now actually we want to take more off you when you die and you can’t give it to your family members’ - I think there’s an issue with that in terms of fairness.

Three members of Fine Gael's finance committee said reducing the amount a child can inherit tax-free from their parent during a cost-of-living crisis would ...

Parents should not have to worry about their children paying this tax," it added. "Young people across Ireland are following in the footsteps of their parents and are working hard to provide for their future, their families and homes of their own. "People who work all their lives to put a home over their heads and provide for their family should not be punished for their hard work when they wish, at the time of their choosing or indeed their passing, to provide their children with something to help secure their future," their statement said.

Micheal Martin said he believed many families would be 'disadvantaged' if the thresholds were reduced. Taoiseach Micheal Martin (PA) ...

I think the top 20% pay up to 80% of income tax for example. He said the Government would also work with the European Union through the crisis. He said the Government would use the Budget to help people with the increased cost of living.

There should be a “substantial” reduction in the amount of money parents can leave to their children tax-free. That's according to the Government-appoi...

That’s according to the Government-appointed commission on taxation and welfare. There should be a “substantial” reduction in the amount of money parents can leave to their children tax-free. Inheritance tax increase 'is taking money out of people's pockets' - Richmond

Three members of Fine Gael's finance committee said reducing the amount a child can inherit tax-free from their parent during a cost-of-living crisis would…

Parents should not have to worry about their children paying this tax,” it added. I think the top 20 per cent pay up to 80 per cent of income tax for example. Those on the highest earnings, pay the highest amount of tax.

A proposal to increase inheritance has been labelled “nonsensical” by a Fine Gael TD. The Government's Commission on Taxation and Welfare is due to be published ...

We already tax it quite a bit; the idea of lowering the threshold and increasing the tax in these difficult times is absolutely nonsensical.” “We already have the third highest inheritance tax rate in the EU, the seventh highest in the OECD. “This is looking to increase a tax on a property - most likely a family home - that people have most likely already paid tax on multiple times.

Three members of Fine Gael's finance committee said reducing the amount a child can inherit tax-free from their parent during a cost-of-living crisis would…

Parents should not have to worry about their children paying this tax,” it added. I think the top 20 per cent pay up to 80 per cent of income tax for example. Those on the highest earnings, pay the highest amount of tax.