I propose to take Questions Nos. 85 and 86 together.
I am informed by the Revenue Commissioners that the information available in respect of net receipts from inheritance and probate tax is as follows:
Year
|
Inheritance Tax
|
Probate Tax
|
|
€m
|
€m
|
2000
|
154.72
|
37.51
|
2001
|
121.50
|
21.41
|
2002
|
128.06
|
5.38
|
2003
|
130.65
|
2.55
|
2004
|
171.29
|
2.76
|
2005
|
196.65
|
1.73
|
2006
|
299.37
|
1.76
|
Details from inheritance taxes returns are not maintained in such a way as to provide a basis for compiling the detailed information sought by the Deputy. It is, therefore, not possible to separately identify the details relating to the distribution of cases by class of relationship to the donor without a protracted investigation of Revenue records.
A probate tax of 2 per cent applied to estates valued in excess of an exemption threshold (£40,000 in 2000) and was abolished in respect of deaths occurring on or after 6 December 2000. The group thresholds A, B and C did not apply to probate tax.