Inheritance tax thresholds are penal

There is an urgent need to reform capital acquisitions tax, the tax levied on gifts and inheritances. Because of the surge in Dublin property prices, many bereaved adult children now risk losing their former family home when their parents die.

Inheritance tax is a stealth tax. The amount levied on citizens can surge automatically if the value of the taxed property increases. Tucked away in the small print of Budget 2015 is an ...