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Inheritance tax changes and 'very significant cut' to childcare fees on the cards for budget
Ireland🏛️ PoliticsCenter19 hr. ago

Inheritance tax changes and 'very significant cut' to childcare fees on the cards for budget

In Budget 2027, Irish ministers have outlined potential changes to inheritance tax and childcare costs. Children’s Minister Norma Foley described the budget as a 'breakthrough' for reducing childcare fees, aiming to bring monthly costs down to €200. Public Expenditure Minister Jack Chambers stated there is room for inheritance tax adjustments but emphasized that changes will be modest, limited by a €1.5 billion budget package. He ruled out major reforms such as allowing non-parents to nominate beneficiaries, citing high tax expenditures. Meanwhile, Taoiseach Micheál Martin highlighted childcare as a key focus, with Foley noting significant progress toward the €200 target. Income tax cuts were also mentioned, though they are expected to provide only a few hundred euros to individuals.

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TheJournal.ie logoTheJournal.ieIndependentCenter19 hr. ago
Inheritance tax changes and 'very significant cut' to childcare fees on the cards for budget

In Budget 2027, Irish ministers have outlined potential changes to inheritance tax and childcare costs. Children’s Minister Norma Foley described the budget as a 'breakthrough' for reducing childcare fees, aiming to bring monthly costs down to €200. Public Expenditure Minister Jack Chambers stated there is room for inheritance tax adjustments but emphasized that changes will be modest, limited by a €1.5 billion budget package. He ruled out major reforms such as allowing non-parents to nominate beneficiaries, citing high tax expenditures. Meanwhile, Taoiseach Micheál Martin highlighted childcare as a key focus, with Foley noting significant progress toward the €200 target. Income tax cuts were also mentioned, though they are expected to provide only a few hundred euros to individuals.

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