Inheritance tax shake-up under consideration as Taoiseach notes concerns of those without children

The Irish government is considering a shake-up of the inheritance tax system, with Taoiseach Leo Varadkar noting concerns from individuals without children. The current system imposes a higher tax burden on those without beneficiaries, as the threshold for children is set at €400,000. Increasing this threshold is among the proposals being discussed, which could potentially provide relief for those without children who are disproportionately affected by the current system. A review of the inheritance tax system is underway, with the aim of making it more equitable and fair for all individuals, regardless of their family situation. The changes being considered are part of a broader effort to simplify and modernize Ireland's tax code, with a focus on reducing complexity and promoting economic growth.