Finance Minister rules out abolition of inheritance tax in upcoming budget

Finance Minister Jack Chambers said he does not believe that abolishing the tax would be fair, saying that capital acquisitions tax are important factors in a 'balanced economy'. Picture: Damien Storan

Finance Minister Jack Chambers has ruled out the abolition of inheritance tax, despite changes to the levy due to be implemented in the upcoming budget.

Mr Chambers said he does not believe that abolishing the tax would be fair, saying that capital acquisitions tax are important factors in a “balanced economy”.