Ok

thejourney

http://www.revenue.ie/en/tax/cat/thresholds.html

01/01/2011 - 06/12/2011 €332,084 €33,208 €16,604
08/12/2010 - 31/12/2010 €332,084 €33,208 €16,604
01/01/2010 - 07/12/2010 €414,799 €41,481 €20,740
08/04/2009 - 31/12/2009 €434,000 €43,400 €21,700
01/01/2009 - 07/04/2009 €542,544 €54,254 €27,127
2008 €521,208 €52,121 €26,060
2007 €496,824 €49,682 €24,841
2006 €478,155 €47,815 €23,908
2005 €466,725 €46,673 €23,336
2004 €456,438 €45,644 €22,822
2003 €441,198 €44,120 €22,060
2002 €422,148 €42,215 €21,108
2001 €402,253 €40,225 €20,113
2000 €380,921 €38,092 €19,046
1999 €244,932 €32,658 €16,329
1998 €239,219 €31,896 €15,948
1997 €235,600 €31,413 €15,707
1996 €231,791 €30,905 €15,453
1995 €226,267 €30,169 €15,084
1994 €220,934 €29,458 €14,729
1993 €218,078 €29,077 €14,538
1992 €211,221 €28,163 €14,081
1991 €204,936 €27,325 €13,662
1990 €198,079 €26,411 €13,205
1984 to 1989** € 190,461 €25,395 €12,697
* In certain circumstances a parent taking an inheritance from a child can qualify for Group A threshold.

**Indexation applies with effect from 1 January 1990 to 6 December 2011.

Victor

thejourney wrote: »

Why is the Irish government interfering in Family wealth.

The other way of looking at it is we no longer live in a feudal monarchy.

Why should people be able to receive a large amount of money without paying tax? Why should inheritances be taxed less than work?

thejourney

Victor wrote: »

The other way of looking at it is we no longer live in a feudal monarchy.

Why should people be able to receive a large amount of money without paying tax? Why should inheritances be taxed less than work?

Its all smoke and mirrors. Clever people just put it in trusts offshore. There is a big world outside of Ireland. When you open your eyes, you see an awful lot more;)

Its all means nothing.

To answer your question: why not? Whats the problem its there money, someone already paid tax to earn it!!

PCX

Yeah Connelly would be disgusted if he thought he was dying so Ireland would become a socialist Republic..... oh wait 🀔😂

thejourney

PCX wrote: »

Yeah Connelly would be disgusted if he thought he was dying so Ireland would become a socialist Republic..... oh wait 🀔😂

**** socilaism

TheChizler

thejourney wrote: »

To answer your question: why not? Whats the problem its there money, someone already paid tax to earn it!!

Then why pay VAT on goods or why should your employees pay tax on their wages, you already paid tax to earn it?

thejourney

TheChizler wrote: »

Then why pay VAT on goods or why should your employees pay tax on their wages, you already paid tax to earn it?

Are you seriously using this as an example? What a fairy!!!

So we should double tax, triple tax, quadruple tax and quintuple tax ?

TheChizler

thejourney wrote: »

Are you seriously using this as an example? What a fairy!!!

So we should double tax, triple tax, quadruple tax and quintuple tax ?

What's the difference between an employee and a child paying income tax? Apart from the emotional argument there's very little practical difference IMO.

thejourney

TheChizler wrote: »

What's the difference between an employee and a child paying income tax? Apart from the emotional argument there's very little practical difference IMO.

You're just trying to wreck my head now :mad::mad:

TheChizler

thejourney wrote: »

You're just trying to wreck my head now :mad::mad:

I'm not trying very hard...

Peregrinus

Has the original post been edited to remove the subject for discussion in this thread?

If the question is "why is there an inheritance tax?", the blindingly obvious answer is "to raise revenue".

If there's some more interesting question to discuss, the OP needs to say what it is.

Victor

Peregrinus wrote: »

Has the original post been edited to remove the subject for discussion in this thread?

If the question is "why is there an inheritance tax?", the blindingly obvious answer is "to raise revenue".

If there's some more interesting question to discuss, the OP needs to say what it is.

This was there also:

thejourney wrote: »

Why is the Irish government interfering in Family wealth.

Peregrinus

Right, so.

Well, the answer is as stated; they want the revenue.

Seriously, is that not obvious?

Victor

Peregrinus wrote: »

Right, so.

Well, the answer is as stated; they want the revenue.

Seriously, is that not obvious?

But won't someone think of the poor rich heirs

thejourney

Victor wrote: »

But won't someone think of the poor rich heirs

The question is part of irish law studying. Finding very strange things in the law

barneystinson

thejourney wrote: »

The question is part of irish law studying. Finding very strange things in the law

Really, do feel free to share?!

thejourney

barneystinson wrote: »

Really, do feel free to share?!

the laws are not fit for purpose. All outdated in the mordern age of human advantment and echnology.

Some acts from 1800 still vaild in court :eek:

Victor

thejourney wrote: »

The question is part of irish law studying. Finding very strange things in the law

Some countries tax the estate of the deceased, others tax money that people receive.

Peregrinus

thejourney wrote: »

the laws are not fit for purpose. All outdated in the mordern age of human advantment and echnology.

Some acts from 1800 still vaild in court :eek:

"family wealth" is a concept that long predates 1800, as is the whole legal mechanism of "inheritance", but you seem to think they're still fit for purpose.

davindub

thejourney wrote: »

the laws are not fit for purpose. All outdated in the mordern age of human advantment and echnology.

Some acts from 1800 still vaild in court :eek:

http://www.irishstatutebook.ie/eli/isbc/pui1204.html

Some acts are just still relevant after review, you will find the fairs act on that list, enacted 1204.

If you are studying for a law degree what you are doing is called procrastination, get focused on relevant areas!