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.
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