Fianna Fáil pledges annual cut to inheritance tax rate if returned to government
Fianna Fáil will commit to annual reductions in the cost of inheritance tax on grieving families if returned to Government after the general election.
In a move that could be perceived as the party seeking to woo Fine Gael voters, Fianna Fáil’s election manifesto will pledge consistent increases in the inheritance tax threshold over the life time of the next government.
Senior Fianna Fáil figures have taken aim at Fine Gael’s lack of action on reducing the burden of inheritance tax while in government, despite its TDs regularly calling for increases in the threshold while it was in power over the last 13 years.
Fianna Fáil TD Jack Chambers’ first budget as Finance Minister saw thresholds on inheritance tax reduced.
All three government parties agreed to the reductions in inheritance tax in the last budget. However, there was some jockeying for position among the parties when seeking to take credit for the tax cut.
The new Fianna Fáil policy pledge comes amid increasing divisions within the Coalition as the three parties seek to differentiate themselves to voters ahead of the country going to the polls.
