Opinion Letters

Sunday 21 October 2018

Trapped by inheritance tax

Cartoon by Tom Halliday
Cartoon by Tom Halliday
Letters to the Editor

Letters to the Editor

Sir - Ireland has one of the highest death taxes in the world. Successive governments have reduced the tax-free threshold in respect of a gift inheritance, from a parent to a child from €542,000 in 2009 to €310,000 currently.

Seriously aggravating the situation, the rate of tax payable above the threshold increased by 65pc from 20pc in 2009 to 33pc currently.

Furthermore, if you are thinking of leaving your house to a child, prepare yourself for the draconian risks that must be first satisfied.

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