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Poll: Should relatives get more inheritance tax relief?

Finance Minister Michael Noonan is said to be planning a break for children, but not other relatives.

Image: Shutterstock/Tuzemka

FINANCE MINISTER MICHAEL Noonan is said to be planning to raise the value of property that parents can leave to their children without paying tax.

However, the Irish Independent reports Noonan will not offer any relief to other relatives, meaning childless families will lose out.

The newspaper says he intends to increase the current inheritance tax threshold from €280,000 to at least €320,000.

However, other relatives such as siblings, grandchildren, nieces and nephews will face Capital Acquisitions Tax at a rate of 33% on assets exceeding just over €30,000.

What do you think: Should relatives other than children get more inheritance tax relief?

Poll Results:

Yes (9961)
No (1912)
I'm not sure (466)

Read: There’s been a huge jump in inheritance tax takings – and nieces and nephews are hit the most

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About the author:

Órla Ryan

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