Monday 16 January 2017

Time to cut a tax that hurts ordinary families

Published 08/06/2015 | 02:30

Finance Minister Michael Noonan is to examine the issue which is forcing many to sell their parents' homes in order to settle with Revenue
Finance Minister Michael Noonan is to examine the issue which is forcing many to sell their parents' homes in order to settle with Revenue
Thousands of families will be unexpectedly hit with huge inheritance tax bills this year

We have one of the toughest inheritance tax regimes in the world. What that means is that many ordinary people inheriting modest homes are being caught in its net.

  • Go To

The rate that the tax is charged at has shot up during the austerity budgets over the last seven years.

It is now 33pc, up from 20pc. That in itself is a huge increase.

Please sign in or register with Independent.ie for free access to Opinions.

Sign In

Read More

Don't Miss

Editor's Choice