{"id":185423,"date":"2025-10-02T16:21:18","date_gmt":"2025-10-02T16:21:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/185423\/"},"modified":"2025-10-02T16:21:18","modified_gmt":"2025-10-02T16:21:18","slug":"majority-of-people-think-family-homes-should-be-exempt-from-inheritance-tax","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/185423\/","title":{"rendered":"Majority of people think family homes should be exempt from inheritance tax"},"content":{"rendered":"<p>A survey has found that 83 per cent of people think the family home should be exempt from inheritance tax.<\/p>\n<p>Royal London Ireland, a life \u00adinsurance and pensions provider, polled 1000 adults across the country.<\/p>\n<p>It found that 58 per cent strongly support removing the family home from inheritance tax thresholds.<\/p>\n<p>Only five per cent strongly oppose the family house being removed from inheritance tax bands.<\/p>\n<p>The inheritance tax rate is currently 33 per cent; however, children can inherit property or other items worth up to \u20ac400,000 tax-free.<\/p>\n<p>Speaking on Newstalk, Economics professor, Barra Roantree, said the current threshold is high enough:<\/p>\n<p>&#8220;On average, people who inherit something get \u20ac100,000. So the threshold to start receiving tax is four times what the average amount received is. So very few people pay it.<\/p>\n<p><a class=\"not-prose no-underline\" data-action=\"click\" data-category=\"Read more article clicked\" data-label=\"https:\/\/www.breakingnews.ie\/ireland\/almost-65-of-people-living-in-dublin-believe-a-tourist-room-tax-should-be-introduced-1797783.html\" data-value=\"1\" href=\"https:\/\/www.breakingnews.ie\/ireland\/almost-65-of-people-living-in-dublin-believe-a-tourist-room-tax-should-be-introduced-1797783.html\" rel=\"nofollow noopener\" target=\"_blank\"><\/p>\n<p>        <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/10\/gettyimages-157631931-e1754560490729.jpg\" class=\"rounded-sm object-contain bg-transparent z-10 w-full h-full not-prose\" alt=\"Almost 65% Of People Living In Dublin Believe A Tourist Room Tax Should Be Introduced\" width=\"278\" height=\"156\" \/><\/p>\n<p>        Ireland<\/p>\n<p>Almost 65% of people living in Dublin believe a tourist room tax should be introduced<\/p>\n<p><\/a><\/p>\n<p>&#8220;The idea that we would increase at a time when we&#8217;re being told that there&#8217;s going to be no space for personal income tax cuts in the next budget, and that at a time when our tax base is increasing relying on the corporation tax, the idea that we would erode further revenues from inheritance tax, capital acquisitions tax would be unwise.&#8221;<\/p>\n<p>The budget will be announced next Tuesday, where there has been talk of changes to inheritance tax.<\/p>\n<p class=\"x_MsoNormal\" data-olk-copy-source=\"MessageBody\">Joe Charles of Royal London Ireland said: \u201cThe appetite for change is clear. For most families, a house isn\u2019t just an asset, it\u2019s where they have grown up and where they may continue to visit.<\/p>\n<p class=\"x_MsoNormal\">&#8220;Additionally, it\u2019s security for the next generation. It\u2019s clear from these research findings that many people believe the current\u00a0inheritance\u00a0tax\u00a0system risks putting that in jeopardy.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"A survey has found that 83 per cent of people think the family home should be exempt from&hellip;\n","protected":false},"author":2,"featured_media":185424,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,63,99,186,184,185],"class_list":{"0":"post-185423","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-finance","12":"tag-personal-finance","13":"tag-personalfinance"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/185423","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=185423"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/185423\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/185424"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=185423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=185423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=185423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}