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Seanad
‹ Order of Business

Inheritance tax threshold

Summary

Keane supports a debate on inheritance tax and calls for higher thresholds; White clarifies that the threshold fell from €521,000 to €225,000 and should return to its former level.

I support Senator Mary White in her call for a debate on inheritance tax. She is probably onto a winner. In June I read that the Minister for Finance, Deputy Michael Noonan, or his advisers had stated he was considering something. I hope there will be a positive response. He stated something about widening the bands. It was the case a child could inherit more than €500,000 and the rest was taxed at 22%, whereas now the threshold is down to €225,000 and the rest is taxed at 33%. Deputy Alan Farrell and Senator Catherine Noone have also spoken about the issue. Many people are speaking about it and I hope the case will be successful. I also advocate it. Fair play to Senator Mary White for raising the issue, with Deputy Alan Farrell and Senator Catherine Noone. I hope the Minister will hear the case loud and clear.

I wish to speak about human trafficking, the arrest made in County Donegal this morning and the freeing of six people. Slave labour and the sex trade are still going on. I call for a debate on the draft national action plan on human trafficking. A review was carried out on the national action plan on human trafficking in 2011 when the Government took office, but a new plan is in the process of being drafted. Denise Charlton of the Immigrant Council of Ireland has called for action on this issue. I compliment the Minister for Justice and Equality, Deputy Fitzgerald, on publishing the Criminal Law (Sexual Offences) Bill last week. It is part of it. Committee D of the British-Irish Parliamentary Assembly reported on human trafficking and publication of the national action plan is a follow-up to it. It is, therefore, timely to call for a debate on it in the Seanad.

Education grants are an ongoing issue. If a young person is living at home - when I say "young", I do not mean students straight out of school but those aged over 23 years -the means of the parents are taken into consideration, but if they are out of the home, it is the student's independent means that are taken into account. I would like to have a debate on education grants as a whole to see how students are treated. Grants are one thing, but there is also a standing fee charged by the college. I call for a debate on this issue, if the Leader will facilitate it.

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On a point of information for Senator Cáit Keane, the inheritance tax threshold was €521,000-----

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Paddy Burke An Cathaoirleach Fine Gael

The Leader will respond.

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It should be brought back to what it was in 2008. It is now €225,000.

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