Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

Will the Minister clarify something for me? I note Deputy Boyd Barrett's comment about concerns in Dún Laoghaire and that he might have to change to People Before Probate. There is a cumulative threshold with regard to this tax. For example, if a person who received an inheritance ten years ago receives another one next year, the threshold travels with the inheritor throughout his life. It is not the case that every inheritance is separate; it is a cumulative threshold. Is that correct?