Time to have that awkward talk about tax with the kids

Time to have that awkward talk about tax with the kids

Paschal Donohoe can’t keep everyone happy on inheritance tax, no matter how delicate a balancing act he manages to execute in his next budget

Inheritances have always played an important, if arbitrary, role in generational wealth creation in this country, where the ownership of land, and now a house of one’s own, has deep roots in the national psyche. In Ireland today, you still are what you own.

Unlike other countries where the deceased’s estate is taxed and the proceeds then distributed, here individual beneficiaries pay the capital acquisition tax (CAT) on the inheritance or gift.

In...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription

€1

For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription

€200€149

For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription

€55€42

For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post