Taoiseach rules out reduction in amount of money parents can leave to children tax-free

Speaking at Fianna Fáil's think-in in Mullingar, Micheál Martin said 'there is no appetite' in Government to follow the recommendation from the Commission of Taxation

Mr Martin said such a proposal would be unfair as this is largely income which has already been taxed.

Taoiseach Micheál Martin has effectively ruled out any reduction in the thresholds in the amount of money parents can leave their children, saying it “would disadvantage many families”.

Responding to reports the Commission of Taxation has said there should be a “substantial” reduction in the amount of money parents can leave to their children tax-free, Mr Martin slapped that proposal down hard.