An increase in the threshold for inheritance tax would be a huge relief for families in Dublin West. The Minister for Finance, Michael Noonan, has outlined Fine Gael’s plan to increase the inheritance tax threshold from €280,000 to €500,000 over the lifetime of the next Government.
I very much welcome this as it will take a lot of pressure off families in Dublin West. It means that families living in modest homes will no longer be burdened with huge tax bills when they inherit a home.
Fine Gael has a Long Term Economic Plan designed to keep the recovery going which will ensure we can continue to implement these type of measures.
Fine Gael’s Long Term Economic Plan has three steps: more and better jobs, making work pay more than welfare, and investment in better public services, which will only be possible as a result of the increased revenue generated by creating more jobs. This plan will ensure that more people feel the benefits of a recovering economy in their own lives.