371. Deputy Michael Lowry asked the Minister for Finance to address concerns regarding inheritance tax, particularly its impact on young people; if he will address the issue of costs incurred by individuals inheriting property and assets from a parent; if he is aware that currently the average cost for tax advisors on such matters is approximately €1,500 alone, before any professional solicitors’ fees are paid; his plans in Budget 2025 to help individuals who are impacted by these costs which occur before any capital acquisitions tax is paid; and if he will make a statement on the matter. [35559/24]

Summary

371. Deputy Michael Lowry asked the Minister for Finance to address concerns regarding inheritance tax, particularly its impact on young people; if he will address the issue of costs incurred by individuals inheriting property and assets from a parent; if he is aware that currently the average cost for tax advisors on such matters is approximately €1,500 alone, before any professional solicitors’ fees are paid; his plans in Budget 2025 to help individuals who are impacted by these costs which occur before any capital acquisitions tax is paid; and if he will make a statement on the matter. [35559/24]

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• Tax Code

  xml · EN · 9 September 2024

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