Vol. 519 No. 4
81 Mr. Aylward asked the Minister for Finance if he will request the Revenue Commissioners to waive the outstanding inheritance tax and accrued interest due from a person (details supplied) in County Kilkenny in view of the circumstances of this particular case, and where the person is not in a position to borrow further moneys to meet this demand. [13959/00]
I am informed by the Revenue Commissioners that a completed inheritance tax return has been submitted by the solicitor acting for the beneficiary, in which liability has been assessed in an amount of £7,361. The Commissioners have no power to mitigate the amount due. An amount of £5,000 was paid on 3 April 2000 leaving a balance outstanding of £2,361.
The Commissioners are willing to accept payment of the outstanding balance under an instalment arrangement. Normally, these payments would attract interest, but because of the circumstances of this case they are concessionally prepared to accept payment of any instalment without interest accruing.
