1.
The rates of inheritance tax and
gift tax are applied by reference
to the aggregate of all taxable
inheritances and taxable gifts
taken after 5th December 1991 by
the beneficiary being taxed. Inheritances
or gifts taken before 5th December
1991 are not aggregated in relation
to inheritances or gifts taken
on or after that date.
2.
Tax rates were considerably higher
for benefits taken prior to 1st
December 1999 and differed between
gifts and inheritances.
3. For the purpose of Gift and Inheritance Tax,
the relationship between the person who provided
the gift or inheritance (i.e. the Disponer) and
the person who received the gift or inheritance
(i.e. the beneficiary), determines the maximum tax
free threshold - known as the "group threshold".
4.
For the indexed threshold amounts,
see table below.
Relationship
to donor
Gift
or inheritance in
From 01/01/10 to 07/12/10 (€)
From 08/12/10 to 31/12/10 (€)
From 01/01/11 to 06/12/11 (€)
From 07/12/11 (€)
Son/Daughter
414,799
332,084
332,084
250,000
Parent*/Brother/Sister/
Niece/Nephew/
Grandchild
41,481
33,208
33,208
33,208
Any other person
20,740
16,604
16,604
16,604
* In certain circumstances a parent
taking an inheritance from a child
can qualify for the Group A threshold.
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