Finance Act 2016

Amendment of Schedule 2 to Principal Act (computation of tax)

53. (1) The Principal Act is amended in paragraph 1 of Part 1 of Schedule 2, in the definition of “group threshold”—

(a) in paragraph (a), by substituting “€310,000” for “€280,000”,

(b) in paragraph (b), by substituting “€32,500” for “€30,150”, and

(c) in paragraph (c), by substituting “€16,250” for “€15,075”.

(2) This section applies to gifts and inheritances taken on or after 12 October 2016.