Thousands of families face huge inheritance tax bills as home values rise

An article issued on independent.ie highlights the details contained in a recent survey completed by Coyne Research.

‘The survey shows 84pc of people in Ireland don’t know the current inheritance tax rate, which could seriously affect inheritance for their family. ‘ It also highlights there is a widespread lack of awareness of the levels of inheritance tax that may have to be paid by families in the coming years, with 2/3rds unaware of the current thresholds.

The advice is for families with assets to get professional legal, tax and financial advice to put a plan in place, including a will, to ensure an estate is taken care of in a tax-efficient way.

Read more of this article here

Should you require any inheritance guidance or advice, please contact us on 01 539 7999 or info@itasaccounting.ie