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

I believe we should separate the limit on the house from any other inheritance. The €40,000 cap in the case of a niece, nephew, brother or sister is absolutely ridiculous and discriminatory. In the upcoming budget, I propose that the Minister increase the €40,000 cap and we separate the house from the inheritance. The bands are less today than they were 15 or 16 years ago, as they were reduced during the recession. If the value of the house and any other assets is over €600,000, a son or daughter is liable for a €66,000 capital acquisition tax on the very same inheritance. A niece, nephew, brother or sister is liable for €184,8000. Our parents, grandparents and their parents before them worked extremely hard and paid their taxes to provide for their families and build family homes. The same applies to our uncles and aunts and their people before them. They too worked extremely hard and paid their taxes. I believe this issue needs to be addressed urgently. It is also a huge issue for the farming community and farm succession. It is a form of double taxation. I have a huge issue with it.

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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