Tax Exemptions
Dail Éireann — 2026-06-25
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Michael Cahill (FF), Kerry

I have raised this issue on a number of occasions. It is a huge issue and there are anomalies. We need to address this. Currently, children inheriting a family home from their parents are exempted from inheritance tax up to €400,000, which, considering the price of homes currently, is undoubtedly far too low. However, a major anomaly exists when it comes to childless couples and individuals, who often decide to leave their home and assets to their nieces and nephews, brothers and sisters. Unlike children inheriting from parents, nieces, nephews, brothers and sisters are only entitled to €40,000 tax-free, leaving them with a significant tax bill which often precludes these individuals from affording the property. At a time when this country is in the midst of a housing crisis, should we not be doing everything possible to ensure that families are able to afford to keep their homes, instead of penalising those who do not have children and those who are left assets by their uncles and aunts? I call on the Tánaiste, in his capacity as Minister for Finance, to reduce inheritance tax, which is charged at a flat rate of 33% of the value of assets exceeding specific relationship-based tax-free thresholds, and to significantly increase those thresholds, of €400,000 in the case of a son or daughter.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2026-06-25/debate/main
Retrieved: 2026-08-27T06:54:51+00:00
Sitting date: 2026-06-25