Alan Shatter's campaign to abolish Inheritance Tax

[torblednam]

Besides, it is by no means certain that Inheritance Tax will be abolished.

I would say it is absolutely certain that it won't.

 

[Zenith63]

Fine Gael has been pushing for changes to capital acquisitions tax and it is understood the tax-free threshold in the Group A category for children getting an inheritance from their parent will increase from €335,000 to €400,000.

Budget 2025: Inheritance tax threshold to hit €400,000 under giveaway

Households to benefit from extension to reduced 9% VAT rate on energy bills into next year

www.irishtimes.com

 

[planck]

In a piece in the Independent today it say "Fine Gael is claiming credit for the changes after Taoiseach Simon Harris said there are “unfairnesses” and “anomalies” in the system"

Surely the biggest “unfairnesses” and “anomaliy” in the system are the different thresholds for the various Groups. The most privileged group get a further advantage with this change.

 

[Savvy]

Additional line from Irish Independent as to where the push was coming from

The party was coming under pressure in its south county Dublin heartland, where property values are higher, so the tax was having a greater effect on legacies.

 

[rob oyle]

Like the tax credit for tracker mortgage holders by the current Government, (some of) the resources of the State are being misdirected.
On Newstalk this morning, I caught the very tail end of a segment about legacies (I think) where the presenter described 'leaving someone with a tax bill'. The presentation is all wrong/misunderstood.

 

[Brendan Burgess]

the presenter described 'leaving someone with a tax bill'.

If anyone wants to leave me with a CAT bill, I will be very happy to oblige.

Brendan