Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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202. To ask the Minister for Finance his plans to raise the threshold of inheritance tax of €280,000 and if so when; and if he will make a statement on the matter. [20863/16]

Michael Noonan (Limerick City, Fine Gael)
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As with all tax areas Capital Acquisitions Tax, including the details of rates, tax-free thresholds, reliefs and exemptions, is kept under review. As part of Budget 2016 I raised the Group A threshold applying to gifts and inheritance from parents to their children from €225,000 to €280,000. This represented an increase of about 25%. I did this in recognition of the improving state of the national finances and of the concerns expressed to me by people making and receiving gifts and inheritances, particularly in a context of rising property prices. 

I indicated at the time that I saw the change to the Group A tax- free threshold in the last Budget as the start of a process. The Deputy may be aware of the commitment in the Programme for a Partnership Government to work with the Oireachtas to raise the Band A Capital Acquisitions Tax Threshold (including all gifts and inheritances from parents to their children) to €500,000. 

No decisions have yet been made on the timing of any changes in this area.