Calculating an inheritance tax liability

Most inherited property is subject to inheritance tax at a rate of 33%. There are exemption based on the relationship between the people concerned and the sums involved. The limits are as per the table below:

 

 *For the purpose of these relationships, Civil Partners are considered as a spouse and a child of a Civil Partner as a child.

**In certain circumstances where a parent is receiving an inheritance from a son or daughter, the Group A threshold of €225,000 may be applied. In the circumstances described in the exemptions section below such an inheritance may be fully exempt.

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