Oireachtas Joint and Select Committees
Wednesday, 16 November 2022
Committee on Budgetary Oversight
Report of the Commission on Taxation and Welfare: Discussion (Resumed)
Ms Sarah Perret:
That is something we also look at in the inheritance tax report. Most countries that have inheritance or estate taxes apply preferential tax treatment to the transfer of businesses that are family owned. Strict requirements are attached to those transactions, whether it is an exemption or a relief more broadly, but usually there are some requirements of business continuation once the heirs have inherited. This is a common form of relief in respect of inheritance and estate taxes.
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