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‘Unfair and punitive tax’: Homes worth £400,000 could avoid inheritance tax in Budget as MPs also seek to cut 33% rate

Posted on by angelo
‘Unfair and punitive tax’: Homes worth £400,000 could avoid inheritance tax in Budget as MPs also seek to cut 33% rate

Tax is due on inherited amounts over €335,000 per person. Stock image

Senan Molony, Gabija Gataveckaite and Tabitha Monahan

A higher threshold for paying inheritance tax, increasing by at least €65,000, is planned for the budget – with MPs also calling for a cut in the 33% rate itself.

The first major changes to inheritance tax in more than a decade are planned as part of the pre-election giveaway.