Inheritance tax overhaul for people who don't have children would cost State hundreds of millions

The Irish Department of Finance has determined that a proposal to implement a single €460,000 lifetime tax-free threshold for inheritance would result in significant costs to the State, amounting to hundreds of millions of euros. The plan, which aimed to provide tax relief specifically for individuals without children, has been removed from consideration following this fiscal assessment. Current government analysis indicates that the potential impact on the national budget makes the proposed overhaul unfeasible at this time.