Gift and inheritance tax free thresholds

New Gift and inheritance tax free thresholds as and from 10th October 2018

Group A: A son or daughter of the person giving the gift or inheritance now is €320,000 ( was €310,000)

Group B: A parent, brother, sister, niece, nephew, grandparent, grandchild, lineal ancestor or a lineal descendant of the person who is giving inheritance or gifts is €32,500 ( no change )

Group C: People with a relationship to the disponer not already covered in Groups A or B now is €16,250 ( no change )

Note the above tax free thresholds are life time thresholds from 5th December 1991

Any queries give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie