This new government knows their class base… May 13, 2016Posted by WorldbyStorm in Uncategorized.
Tax changes promised in the Government programme for partnership will sharply cut or eliminate completely inheritance tax for thousands of people in the coming years.
Under the changes, once they are implemented, children inheriting the family home will not pay tax on the first €500,000 value of the estate, which should mean the majority of bequests will not prompt tax demands.
Just on the topic, Andy Beckett in the Guardian wrote about it back in 2007. Well worth a (depressing) read to see how attitudes have changed – still, interesting that the government hasn’t made a big issue about it.