Inheritance taxes hamper property transfers, accountancy bodies warn
A number of the country’s leading accountancy bodies have called on the government to raise the inheritance tax threshold to help the next generation own family homes.
In its communication to the Commission on taxation and social protection, the CCAB-I coordination group noted that as house prices continued to rise, the low thresholds for the tax on capital acquisitions (CAT) and high CAT rates imposed a significant tax burden on those receiving gifts and inheritances. .