Inheritance tax in Ireland: What are the rules, and could they be changed in the budget?

Inheritance tax has become something of a hot political issue, with hints of change coming in the budget supported by senior Fine Gael members who want to allow people to inherit more without being exposed to tax.
But is this justified? Does it simply improve the lot of the better off in society?
Or are there real anomalies that need to be addressed?
For some insight on this, host Cliff Taylor was joined by Deputy Business Editor of the Irish Times, Dominic Coyle.
In the second half of the show, Munro O’Dwyer, a partner with PwC Ireland, discusses potential changes to the current pension regime for high earners. PwC published a document earlier this week that points out some issues with the current €2 million standard fund threshold for pensions, something they want to see changed in the budget.
Produced by John Casey with JJ Vernon on sound.