Wednesday September 23, 2020

Noonan signals fresh review of inheritance tax

16th May, 2015

Inheritance tax could be cut in 2016, after a signal from Minister for Finance Michael Noonan that capital tax reform is up for discussion ahead of this year’s budget.

The rate of capital acquisitions tax (CAT) applied to both gifts and inheritances has jumped by 65 per cent in recent years, rising from 20 per cent in 2008 to 33 per cent now.

The tax-free thresholds that apply have also been slashed, meaning people face a much higher...

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