Under measures announced in Budget 2019, the tax-free threshold of the Capital Acquisitions tax will increase from €310,000 to €320,00.
This broadly applies to transfers between parents and their children and Minister Donohoe said that he realises there are concerns about the potential tax burden, especially on the inheritance of the family home.
The Finance Minister also said he was retaining the 9% rate of newspaper publications and he said he would reduce the rate for electronic publications from 23% to 9%.
He said this will assist national and regional newspapers to remain competitive and meet the challenges of the modern media landscape.
As expected, Mr Donohoe also announced that he will increase the betting tax from 1% to 2% on amounts wagered in the state.
Betting duty on the commission earned by betting intermediaries or exchanges will also increased from 15% to 25% from January 2019, the Minister added.
To support the continued growth of the film industry in Ireland, Mr Donohoe said he would extend the film corporation tax credit beyond the current end date of 2020 until December 2024.
He said to ensure that all areas of the country can benefit from the film industry, he is introducing a new, full time, regional uplift of an extra 5% that will taper out over four years.
