Budget 2027 Q&A: Is there any change to the €3,000 tax-free gift amount per year?
This Q&A session addresses public inquiries regarding the 2027 Irish budget, specifically focusing on inheritance tax thresholds and investment scheme limits. It clarifies that tax assessments are based on the date of death rather than the date of probate.
Why it matters
Provides essential financial guidance for citizens navigating changes in tax policy and government investment schemes.
Thank you Minister for Public Expenditure Jack Chambers and Minister for Finance Simon Harris at Government buildings. Photograph: Nick Bradshaw/The Irish Times We are ending our live Q&A now. Anyone with further queries can contact Dominic Coyle at dominic.coyle@irishtimes.com and he will endeavor to provide answers in his weekly Q&A column.
Capital Taxes Minister for Finance Simon Harris and Minister for Public Expenditure Jack Chambers. Photograph: Sam Boal/Collins Photos Q: Will I get the benefit of the inheritance tax threshold increases for a bequest from a will where the disponer’s death was in early 2026 and the grant of probate was in September 2026?
A: Inheritance tax-free threshold are assessed against date of death, not probate or when the inheritance is received. So, in this case, where the person died earlier this year, it is the pre-budget thresholds that will apply. – DC
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