Inheritance tax has become a political issue again after Taoiseach Leo Varadkar said he wanted to reduce it significantly.

However, Green Party finance spokesperson Neasa Hourigan has argued that reducing inheritance tax would benefit those who do not need a tax cut.

Inheritance tax, or capital acquisitions tax, applies when someone receives money or property from a person who has died. The rate is 33% once you inherit more than your tax-free threshold.

Spouses are exempt, while a child is entitled to inherit up to €335,000 before paying the tax.

Charlie Weston, personal finance editor of the Irish Independent, joined us to discuss the arguments for and against the tax.