Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Why is there a difference between transferring a PRSA to a person under 21 and one over 21? That could create an anomaly given that under existing law, the first €280,000 would be exempt from CAT, whereas if one is 21 years of age, one has to pay.

If a PRSA was transferred of €300,000 from a father to a daughter, the first €280,000 would be exempt and the other €20,000 would be taxable at 33%, which is a small amount of tax, whereas if one ended up holding one's 21st birthday the week before, one would be subject to 30% tax. Why is there a difference in treatment between a 21 year old and somebody who is below 21, given that under capital acquisitions tax there is no such distinction made in terms of the age of children?