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Amendment of Schedule 2 (computation of tax) to Principal Act.
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109.— (1) The Principal Act is amended in paragraph 1 of Part 1 of Schedule 2 in the definition of “group threshold”—
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(a) in subparagraph (a) by substituting “€250,000” for “€244,000”,
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(b) in subparagraph (b) by substituting “€33,500” for “€24,400”, and
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(c) in subparagraph (c) by substituting “€16,750” for “€12,200”.
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(2) The Principal Act is further amended—
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(a) in paragraph 1 of Part 1 of Schedule 2 by substituting the following for the definition of “threshold amount”:
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“ ‘threshold amount’, in relation to the computation of tax on any aggregate of taxable values under paragraph 3, means the group threshold that applies in relation to all of the taxable gifts and taxable inheritances included in that aggregate.”,
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and
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(b) in the Table in Part 2 of Schedule 2 by substituting “30” for “25”.
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(3) This section applies to gifts and inheritances taken on or after 7 December 2011.
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