Local senator calls for inheritance tax reform for childless people

The upcoming Budget must address what one local senator calls "discriminatory" inheritance tax rules for childless people.

Aontú Senator Sarah O’Reilly, who represents Cavan-Monaghan, says the current system is "blatantly unfair," particularly for those without children.

Under existing rules, children can inherit up to €400,000 tax free, but the threshold drops to €40,000 for other close relatives.

Senator O’Reilly is calling for a complete overhaul of Ireland’s tax laws.