Seán Crowe (Dublin South West, Sinn Fein)

The Minister proposes to reduce the inheritance tax threshold from €333,084 to €250,000. This is an issue which many people face at some stage in their lives. Many people who are listening to this debate may be interested, and perhaps worried, about this measure. How was the figure of €250,000 arrived at?

In many cases a family home, valued at approximately €300,000 may be inherited by children. Does the threshold apply to an entire family? If the home is inherited by two or three siblings does the threshold apply to each sibling? This is an important issue because many people face this situation at some time in their lives, or may be facing it at present. Rather than create more worry for bereaved families, could the Minister expand on this matter?

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