@MartinMurphy72@ciarannugent How is that any different to any gift. The beneficiary is getting a home/land without a mortgage, or possibly a second property as a marketable asset. You shouldn't get that for free.
@techbuzzinfo@EXECUTIVESTEVE@ZapPiglet The beneficiary pays the tax, not the dead person, why should people get significant gifts (over 400k?!) for free when they had no input into it?
@techbuzzinfo@dublincomments Anything you buy day to day or larger purchases are bought with taxed income, and those who process that sale will pay tax on that income from you. Nonsense argument
@MartinMurphy72@ciarannugent It doesn't matter. Your family member(s) is benefitting from a gift (400k each tax free mind). This perpetuates inequality and ends up creating an aristocracy and haves/have nots. You can't claim to be capitalist when you support free handouts when it suits you.
@BDeaneTweet@ciarannugent In what world is the current tax arrangements 'Communist'? Who is even suggesring that but you? Every family member can receive 400k tax free from an estate, no one is confiscating your entire income/wealth, we cannot create an aristocracy where wealth is hoarded
@MartinMurphy72@ciarannugent Nonsense argument. I paid my mechanic today with my taxed income, he will pay tax on that income from me. Isn't that 'double taxation'? Again, why should gifts like this be tax free to a beneficiary?
@MartinMurphy72@ciarannugent They are receiving large gifts, which they didn't work for themselves. You pay tax on benefits in kind and other incomes in any other case, why should inheritance be any different?
@lazlopuskas@ciarannugent@caulmick This work hard BS, it is appreciation in value of assets. What hard work did the beneficiaries do to get it? Why shiuld they get a free handout of unearned wealth/income?
@Hugues_d_Payens@ciarannugent It is unearned wealth or income to the beneficiary, why does it get special treatment in your world? I use my taxed income to pay a mechanic today, who has to pay tax on that income. This should be no different
@anfearmor11@benchwarmer001@ciarannugent Revenue gives people in particular situations payment plans. You aren't expected to pay a bill in one go. She received an unearned benefit, you should pay tax on it like any other income or asset.
@DarraghSheedy82@ciarannugent Why should this money be treated any differently to other income? It wasn't earned by the beneficiary. Should the taxed money i give to my mechanic today not be subject to tax as well now?