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Dáil

Ceisteanna—Questions. Oral Answers. - Exemption from Succession Duty.

asked the Minister for Finance if he will exempt from succession duty amounts up to £5,000, by legislation if necessary.

Comment on this
James Ryan Minister for Finance (Dr. Ryan) Fianna Fáil

Estates under £5,000 to which the deceased was absolutely entitled are, in general, exempt from succession duty. No succession duty is charged on benefits taken by a spouse, lineal ancestor, or lineal descendant unless the net value of the estate exceeds £15,000.

Comment on this

I did not hear the Minister very well. Am I to understand that estates under £5,000 are exempt from succession duty?

Comment on this

Yes.

Comment on this