€542,544 is the amount a son or daughter can inherit without paying any tax. If we reduced that to €20,000 which would allow for keepsakes rings etc but not the family home would we not take care of a lot of problems at once.
We would get people spending on the basis that the more you spend now the less tax you pay on death.
Inequality would be reduced.
It would mean a significant rise in the tax take with no disincentive to work.
It would effectively be a property tax.
So why is it not mentioned as an option? Is their a good case against it?