‘Favourite’ nieces and nephews stand to gain, as Martin says current rules are discriminatory
Taoiseach says inheritance tax reforms are needed as receipts hit record €1bn last year
Wayne O’Connor & Cónal Thomas
Today at 06:30
The Taoiseach wants to see the inheritance tax system reformed, with new figures showing the State took in a record €1.121bn from it and gift tax revenue last year.
A spokesman for Micheál Martin said he believes the current rules mean some people are “unduly penalised” and the existing tax thresholds “don’t reflect the modern reality for many families today”.