This is something that we are meant to be grateful for from Budget 2023. Despite the continued rising in property values, where the family home will usually be the largest part of an individual’s estate, there has been no increase in the threshold where you can pass assets to your children without them having any CGT liability. So, you can give your children up to €335,000 each in their lifetime before they would have to pay tax at a rate of 33%. Unless the estate also includes a generous portion of liquid or cash assets, the family home will have to be sold to meet with the tax demand. The tax bill is theirs… it belongs to the beneficiaries and it is up to them to come up with the money to settle it.