62.7m a year for tax-free inheritance ceiling increase

62.7m a year for tax-free inheritance ceiling increase
Michael Noonan

Increasing the amount that can be inherited tax-free to €300,000 would cost the state €62.7 million annually, the Revenue has told the Department of Finance.

The estimate was part of an exchange of emails between Revenue and the Department that looks at a range of possible amendments to the capital acquisitions tax (CAT) regime.

There has been widespread speculation that CAT thresholds will be increased in Budget 2016 to reflect rising asset values.

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