Bernard Durkan (Kildare North, Fine Gael)
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Question 169: To ask the Tánaiste and Minister for Finance the reason inheritance tax is charged in the case of persons (details supplied); and if he will make a statement on the matter. [4942/08]

Brian Cowen (Laois-Offaly, Fianna Fail)
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I am advised by the Revenue Commissioners that property valued at €115,000 was bequeathed to the taxpayer and his wife in equal shares in the estate of the taxpayer's mother, upon her death on 13 October 1998. There was no liability to inheritance tax in respect of the disposition valued at €57,500 to the taxpayer as his inheritance was within the applicable Class A threshold of €239,219. However, there is a liability to inheritance tax in respect of the disposition of the same value to her daughter-in-law as it exceeds the applicable Class C threshold of €15,948.

The rates of inheritance tax applicable in 1998 were the first €12,697.38 in excess of the threshold at 20%, the next €38,092.12 at 30% and the balance of the inheritance at 40%. Interest is also due and payable from the valuation date to the date of payment. The interest rates applicable are 0.0322% per day to 31 March 2005 and 0.0273% per day to the date of receipt of payment. This charge to inheritance tax is properly payable in this case. If the taxpayer wishes to discuss this case further, he may contact the Revenue Commissioners, East and South East Region CAT Unit, 4th Floor, Plaza Complex, Belgard Road, Dublin 24.

Willie Penrose (Longford-Westmeath, Labour)
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Question 170: To ask the Tánaiste and Minister for Finance the circumstances in which a person is entitled to their P45; and if he will make a statement on the matter. [4947/08]

Brian Cowen (Laois-Offaly, Fianna Fail)
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I am informed by the Revenue Commissioners that, in accordance with Regulations 20(1) and 20(2) of the Income Tax (Employments) (Consolidated) Regulations, 2001, an employee should be given parts 2 and 3 of their P45 on the date their employment ceases with part 1 of the P45 being sent immediately by the employer to Revenue.