Passing on what you own, and have paid tax on is, to me, the most acceptable form of family socialism/ leftism.
Yet if you inherit from an uncle or aunt, your tax free bequest won't extend to the price of a new car.Only a small minority of, by definition, quite wealthy people will ever receive a gift or inheritance of a scale that will mean they have to pay the tax.
If one accepts Inheritance tax as a concept, it’s perfectly fair and just.Yet if you inherit from an uncle or aunt, your tax free bequest won't extend to the price of a new car.
Where is the justice and equity in that?
It is fundamentally different as you are treating two people completely different one who has offspring and one who does not.If one accepts Inheritance tax as a concept, it’s perfectly fair and just.
The State is differentiating between close family units and uncles/nephews/etc.
There are even provisions in the Taxes Acts which allow non-parents to be treated like parents in certain circumstances.
Hardly. One sibling inherits €300,000 from a parent. No tax.If one accepts Inheritance tax as a concept, it’s perfectly fair and just.
The State is differentiating between close family units and uncles/nephews/etc.
There are even provisions in the Taxes Acts which allow non-parents to be treated like parents in certain circumstances.
Isn't there something on the constitution about promoting the family unit? Seems the CAT exemptions are doing just that.It is fundamentally different as you are treating two people completely different one who has offspring and one who does not.
As is the case is many other areas of taxation and state supports, the constitution pretty much demands it.It is fundamentally different as you are treating two people completely different one who has offspring and one who does not.
You’re making the fatal mistake again. CAT is levied on the receiver not the giver. The person dying pays 0 CAT…because they are deadIt is fundamentally different as you are treating two people completely different one who has offspring and one who does not.
Hardly. One sibling inherits €300,000 from a parent. No tax.
Another inherits the same sum from an aunt. Loses nearly a third of it.
Crazy state of affairs.
Tell that to those who can't have children.Isn't there something on the constitution about promoting the family unit? Seems the CAT exemptions are doing just that.
I am well aware how the tax is charged. Every child has a parent. Not every person is a parent. But every person is someone's child.You’re making the fatal mistake again. CAT is levied on the receiver not the giver. The person dying pays 0 CAT…because they are dead
So your statement should read, you are discriminating against people who don’t have parents vs those who do…fringe cases I expect
So we’re all good. Nobody is disadvantaged….except those with poor parents of course.I am well aware how the tax is charged. Every child has a parent. Not every person is a parent. But every person is someone's child.
It’s pretty clearly about the relationship the recipient had to the donor. And the immediate family unit versus people outside of that. It makes perfect sense. Money given to my daughter is different to money given to my niece.Hardly. One sibling inherits €300,000 from a parent. No tax.
Another inherits the same sum from an aunt. Loses nearly a third of it.
Crazy state of affairs.
If only that were trueBut every person is someone's child.
It’s a tax on beneficiaries. So there is no child of someone who can’t have children who’s being discriminated against.Tell that to those who can't have children.
It is discriminatory on the receiptent and the donor. A neice/nephew can be seen as a child of a childless couple. But because they are not their biological child they are discriminated against in terms of threshold limits.It’s a tax on beneficiaries. So there is no child of someone who can’t have children who’s being discriminated against.
The child that I never had is unable to avail of the PAYE tax credit. This non existent child is therefore being discriminated against??Tell that to those who can't have children.
Biologically they are and as such they are your child irrespective if you have no relationship with them.If only that were true
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