Inheritance tax take up 33%

The Revenue Commissioners' take from inheritance tax rose by a third last year, highlighting the increased value of the assets held by the Irish population.

19th March, 2005

Revenue figures show that €170 million was paid in inheritance tax last year - well up from €128 million in 2003.

The Revenue's data also shows a sharp rise in the number of assets on which inheritance tax was assessed in recentyears.The rate of inheritance tax is 20 per cent,which means €850 million of inherited wealth came into the tax net last year.

The amount willed to relatives was significantly higher, as any transfers between...

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