OUTGOING Taoiseach Leo Varadkar put the cat among pigeons when he said that inheritance tax should be abolished for anyone inheriting an average-priced home. He said he will be pushing for inheritance tax to be significantly reduced in budget negotiations, if Fine Gael is part of the new government. The formal name for inheritance tax is capital acquisitions tax (CAT). The inheritance tax rate in this country is lower than the one that applies in the US and in Britain. And the rich tend to be very good at finding ways to avoid paying the likes of inheritance tax.

Source: Irish Independent June 22, 2020 11:26 UTC