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How to Avoid Inheritance Tax Ireland
How to Avoid Inheritance Tax Ireland
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Guest
Guest
Oct 09, 2025
2:26 AM
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Inheritance can be a tricky subject, especially when it comes to taxes. In Ireland, the burden of inheritance tax can significantly diminish what you intend to leave behind for your loved ones. But there’s good news! A Section 73 Policy offers an innovative solution that not only provides financial security but also helps reduce those pesky tax liabilities.
If you’re curious about how this policy works and how it could benefit your estate planning, stick around. This guide will walk you through everything you need to know about Section 73 policies in Ireland and their role in minimising inheritance tax concerns.
Let’s dive into the world of smart financial planning together!
How to Avoid Inheritance Tax Ireland
Avoiding inheritance tax in Ireland requires careful planning. Understanding the thresholds and exemptions can significantly reduce your liability.
1. Gift Assets During Lifetime – Use the annual gift exemption to transfer part of your wealth tax-free each year.
2. Leverage Business & Agricultural Reliefs – Reduce the taxable value of inherited businesses or farms, especially for family-run enterprises.
3. Section 73 Life Insurance – Ensure funds are available to cover inheritance tax without reducing the value of inherited assets.
4. Create a Well-Structured Will – Provide clarity on asset distribution and minimise disputes that may increase tax liabilities.
5. Seek Expert Financial Advice – Work with inheritance tax specialists to develop tailored strategies for maximum tax efficiency.
For more details to know, Visit our website:- https://mmadvisors.ie/how-a-section-73-policy-can-reduce-inheritance-tax-in-ireland/
Money Maximising Advisors Limited (https://mmadvisors.ie/)
Call: +353 91 393 125
Email: office@mmadvisors.ie
Address: Unit 3, Office 6, Liosban Business Park, Tuam Rd, Galway, Ireland
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