Ireland Inheritance Tax Calculator 2022/23

The Ireland inheritance calculator is a tool that allows users to easily see the inheritance taxes and deductions that are applicable in Ireland.

By using this calculator, individuals can compare the taxes that would be due on their inheritance in Ireland and make more informed decisions about their estate planning.

The calculator may also be referred to by different names, such as the inheritance calculator, inheritance tax calculator, or Ireland inheritance tax calculator.

In addition to providing the calculations, the calculator also includes detailed explanations of the information that is used to make the calculations.

Ireland Inheritance Tax Calculator

Ireland Inheritance Tax

Note: The calculator uses the euro (EUR) as its default currency. If you notice any additional errors or mistakes in the calculator, please contact us and we will correct them as soon as possible.

Country Information

Currency UsedEuro (EUR)
ContinentEurope
Population5.028 million
LanguageEnglish and Irish (Gaeilge)
CapitalDublin
Government TypeParliamentary Democracy

Ireland Inheritance Tax

In Ireland, inheritance tax is a tax on the property, money, and other assets that a person leaves behind when they die. The tax is imposed on the value of the deceased person’s estate, which includes all of their assets, such as their house, savings, investments, and personal possessions.

The amount of inheritance tax that is due depends on the value of the estate and the relationship between the deceased person and the beneficiaries of their estate. In general, spouses and civil partners are exempt from inheritance tax, while children and other direct descendants are taxed at a lower rate than other beneficiaries.

If the value of the estate exceeds a certain threshold, which is currently €335,000 for children, and other closely related descendants, the inheritance tax rate is 33%. This means that if the value of the estate is €500,000, the inheritance tax due would be €66,500 (€500,000 – €335,000 x 33%).

There are some exemptions and reliefs available that can reduce the amount of inheritance tax that is due. For example, certain assets, such as the family home, may be exempt from inheritance tax if they are passed on to a child or other direct descendant of the deceased person.

Ireland Tax-free Threshold

In Ireland, there are several tax-free thresholds from inheritance tax. For example, spouses, civil partners, and certain close relatives of the deceased are generally exempt from the tax up to a point. This means that if a spouse, civil partner, or close relative inherits the estate of the deceased, they may not have to pay inheritance tax on the value of the estate. In addition, certain types of property, such as a family home or a business, may be exempt from inheritance tax under certain circumstances.

There are three main groups that fall under the tax-free threshold:

Tax-free Threshold #1 (€335,000)

These are the individuals to who this threshold would apply to:

  • Any children including stepchildren, any adopted children, and some foster children
  • A minor child of a deceased child of the disponer
  • Even parents that are within the threshold limit

Example:

An Ireland resident inherits €1,000,000 and has a tax-free threshold of €335,000.

The first €335,000 of the inheritance is exempt from inheritance tax, so the amount of the inheritance that is subject to tax is €665,000 (€1,000,000 – €335,000).

At the current inheritance tax rate of 33%, the amount of inheritance tax due on the €665,000 would be €219,450 (€665,000 x 33%).

Therefore, the total amount of the inheritance that the beneficiary would receive after taxes is €780,550 (€1,000,000 – €219,450).

Tax-free Threshold #2 (€32,500)

This threshold applies to any:

  • Brothers or sisters
  • Nephews or nieces
  • And other descendants like grandchildren

Example:

An Ireland resident inherits €100,000 and has a tax-free threshold of €32,500.

The first €32,500 of the inheritance is exempt from inheritance tax, so the amount of the inheritance that is subject to tax is €67,500 (€100,000 – €32,500).

At the current inheritance tax rate of 33%, the amount of inheritance tax due on the €67,500 would be €22,325 (€67,500 x 33%).

Therefore, the total amount of the inheritance that the beneficiary would receive after taxes is €77,675 (€100,000 – €22,325).

Tax-free Threshold #3 (€16,250)

The third threshold applies to:

  • Every other case (such as cousins, great-nieces, etc.)

Example:

An Ireland resident inherits €100,000 and has a tax-free threshold of €16,250.

The first €16,250 of the inheritance is exempt from inheritance tax, so the amount of the inheritance that is subject to tax is €83,750 (€100,000 – €16,250).

At the current inheritance tax rate of 33%, the amount of inheritance tax due on the €83,750 would be €27,547.50 (€83,750 x 33%).

Therefore, the total amount of the inheritance that the beneficiary would receive after taxes is €72,452.50 (€100,000 – €27,547.50).

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