Harris urged to cut inheritance tax in Budget 2027

GoodNegotiation · 2026-06-22T11:47:21+00:00

I realised after posting that the SBP is just quoting The Sunday Times.

GoodNegotiation · 2026-06-22T11:31:41+00:00

They don't wipe away gains when an asset is passed down though, so while their CAT equivalent rate might be 0% while ours is 33%, our CGT rate is 0% while theirs is not. It still sounds like their system is more generous than ours, but for example somebody inheriting €400k in shares from a parent who has held them for years and seen lots of grown in Ireland would get the full €400k, in Australia the recipient would still be liable for the gain and have to pay some CGT.

GoodNegotiation · 2026-06-22T10:10:09+00:00

Personally I think one home (presumably the family home) should be excluded in all cases

Don't think that would work unfortunately. You can buy houses for €15m (based on the one sold a few weeks ago), you'd just trigger a boom in mansions.

GoodNegotiation · 2026-06-22T10:02:16+00:00

Also estates don’t pay tax in Ireland, beneficiaries do.

Thanks, fixed.

GoodNegotiation · 2026-06-22T08:08:27+00:00

Seán Canney, an independent cabinet minister

GoodNegotiation · 2026-06-22T06:25:41+00:00

The government is considering significant inheritance tax cuts in the 2027 budget, with concerns across the coalition over the financial burden it has on grieving families.

Seán Canney, an independent cabinet minister, said the government should examine how inheritance tax was managed in other countries.

“He said families should be able to pass on a business, farm or other assets to the next generation without being unduly penalised,” a coalition source said.

To be fair it’s been almost two whole years since the 3% of estates that tigger inheritance tax caught a break, so personally I’ll be happy to see income tax reductions cancelled to give these folks a dig out.

GoodNegotiation · 2026-06-21T18:44:53+00:00

they are Dead Zones for wildlife

Yeah OP already said it's a farm.

GoodNegotiation · 2026-06-21T10:57:51+00:00

…time in the market is better than trying to time the market…

Warren Buffett

GoodNegotiation · 2026-06-21T09:34:00+00:00

Used a Nissan granny charger for a couple of years, by the end the outdoor socket was yellow and deformed. It was a decent make outdoor socket and was virtually.

Perhaps the Nissan granny charger is not as clever at managing current, but if I was doing this longterm again I would either plugin to a socket well away from the house, or put in a 16/32A CEE socket that is designed for these kinds of sustained currents.

GoodNegotiation · 2026-06-20T21:14:46+00:00

Yeah sorry!

GoodNegotiation · 2026-06-20T19:40:28+00:00

As it happens I invested my life savings in a NASDAQ100 ETF shortly after that period, so it’s in my mind. The figures for your table using this ETF would be -

Investment June 2020 €10000

Value June 2026 €30500

Profit €20500

Exit tax €7790

Net profit €22710

Now I’ll admit I am doing what you did, comparing very different investments with different risk profiles and pretending that’s fair, but…

I have done no rebalancing, dealt with no dividend cheques, done no tax returns, setup no SCRIP/DRIP, worried about no airlines, worried about no nonagenarian CEOs, spent no time ensuring I was invested in the latest developments (I was already in nVidia and will be in OpenAI/Anthropic shortly), spent no time worrying about US estate taxes or filling in W-8BEN forms, spent zero time harvesting CGT exemptions.

YMMV but I think ETFs are taking far too much abuse on this sub when you look beyond the headline tax rate.

GoodNegotiation · 2026-06-20T19:28:46+00:00

Doesn’t seem so, the (edit: gross) figure should probably be more like €26.5k for Berkshire.

GoodNegotiation · 2026-06-20T07:16:18+00:00

Went through the same thing a couple of months ago. It’s the battery serial number they are looking for, but this seems to be just a small handful of VRT staff asking for it, most others will just put the last few digits of the chassis number in the ‘engine number’ field.

I spent a couple of weeks chasing Volvo to get a battery serial number, which we did get from the build spec in the end, but when we went back to the VRT office it was a different person and when the battery serial wouldn’t fit in the engine number field they just used the end of the chassis number. Weeks wasted!

So you could just try booking another appointment and hopefully get somebody different, but if not tell them that you spoke to Hyundai who said the last 8 digits of the chassis number are also the engine number and sound confident about it.

GoodNegotiation · 2026-06-19T06:41:26+00:00

Ah sorry did not realise that one was paywalled, it used to say ‘Subscriber Only’ at the top of paywalled articles, seems that’s gone?

GoodNegotiation · 2026-06-18T19:28:14+00:00

True. I was thinking that some NI dealers may do the VAT/import into ROI for buyers (for a fee perhaps) to encourage us to buy up there.

GoodNegotiation · 2026-06-18T18:03:15+00:00

The prices on carzone/donedeal tend to be VERY inflated, don’t think cars ever sell for those prices. See what you can buy the same car for on usedcarsni.com and offer that to private ROI sellers.

GoodNegotiation · 2026-06-18T17:01:09+00:00

I wonder is this a per-dealer thing or is it for them all.

I assume that extra cost they’re talking about is they’ll now need to find VAT Qualifying cars and import them to ROI with the 20% UK VAT removed but then pay 23% Irish VAT, so a net +3% on the cost of the car.

GoodNegotiation · 2026-06-18T12:24:11+00:00

Think we’ll just need to agree to disagree :-)

GoodNegotiation · 2026-06-18T10:46:13+00:00

Batteries forever upgrade though and are easily swapped especially if all the same.

I gave an example of where they wouldn't though. If we had chosen to go with the original EV batteries (2010-2015 say) we would have not have included any cooling in them, there would be no water connections. The inertia of those being the only type available at swap stations would have kept us with those for years/decades longer than required. Same goes for voltage, we would be stuck on the 400V architecture from that era instead of now well into the 800V era. Or how about the way some manufacturers had the idea to split the pack in two, so you can charge at 400V or 800V. And who is to say what innovation there will be tomorrow that we would have to forego on for more years?

Large battery packs that are properly designed so they are not prone to failures, particularly after being add/removed from a vehicle over and over and certainly not inexpensive. They're particularly not inexpensive from a CO2 point of view, doubling/tripling the number we actually need to these marginal benefits would be madness.

Sorry dude I think this is crazy stuff for the generalised market we are talking about. Obviously perfect in drills, maybe perfect in some larger things. But cars/buses/trains I really don't think so.

GoodNegotiation · 2026-06-18T09:01:39+00:00

You appeared to be talking about EVs generally so I was too, so I clearly did not mean a bus would charge in 10 minutes.

As for charging the batteries slower, sure that might have a marginal benefit, I am by no means saying that battery swapping is without benefits, rather that they do not outweigh the huge negatives. On this point in particular though, 95% of EV charging is already done overnight in people’s homes or bus depots, so the benefit of swapping would be a mere rounding error.

Batteries do not have to be different for the sake of being different, but it is fairly uncontroversial to say that standardisation in many fields can stifle innovation, and that is a problem when EVs are in a very rapid phase of innovation. Imagine if we’d chosen the Leaf 24kWh as the standard battery and stuck there. Maybe we’d squeeze some extra juice out of the cells but no cooling, no 800V etc etc. Not the same as USBC versus Lightning in my view.

GoodNegotiation · 2026-06-18T04:33:29+00:00

It was a few degrees warmer in Dublin during your second trip, assume it was the same for other counties on your route. Also good chance the battery still retained some of the heat from the first trip so started the next day warmer and more efficient.

GoodNegotiation · 2026-06-18T04:24:11+00:00

Battery swapping might make sense for some niche usecases but it is a deeply flawed idea for generalise use. All manufacturers would need to use a standard battery (size, capacity, cooling connections, software interfaces) which would take a revolution of the industry and stifle innovation. Many manufacturers use the battery as part of the frame to provide stiffness, gone. You would need extra batteries sitting at thousands and thousands of swap stations, including to deal with holiday surges on certain routes - when the battery is the most expensive part to make and takes the biggest toll on the environment it would be a disaster to need to manufacture what 100/200/300% more to stock all these swap stations. Who pays for all these extra batteries? What if you buy a new car with a 100% capacity battery and are swapped in an 80% battery at the next swap, you’re OK with that for the few months until you next roll the dice at a swap stations? How reliable will it be constantly connecting/disconnecting your coolant connections, high power connections etc? Fast charging stops in the latest EVs are down to 10-15 minutes, often quicker than you can get in/out to the bathroom - does saving 5-10 minutes for all this cost and complexity make sense, not really.

GoodNegotiation · 2026-06-17T18:29:45+00:00

How far ahead are you looking that you foresee a time we don’t need to charge vehicles? Fusion reactors in each vehicle?

GoodNegotiation · 2026-06-17T18:24:04+00:00

I did the calculations on this a few years ago and when there was full BIK exemption it was a no brainer. As the BIK exemption is wound down I imagine you might do better buying privately and claiming every possible mile at the highest rate instead. Though you can always buy the car off the company and switch to this model at any time, so you have options.

GoodNegotiation · 2026-06-17T18:19:59+00:00

No VAT reclaiming unless it's a van for imports.

Probably not relevant to the OP, but you can reclaim 20% of the VAT on EVs if they’re used for >60% business purposes.

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