Whether you’re receiving a gift or inheritance, understanding how Capital Acquisitions Tax (CAT) applies is key. This section includes helpful articles to guide you through thresholds, reliefs, and how to calculate your potential tax liability.
Timing Matters: When to Value a Gift or Inheritance for Tax The date a benefit is valued for CAT purposes determines both when the tax is [...]
Whether you’re liable for Irish CAT can depend not just on your residency, but your domicile. This blog explains the types of domicile and how Revenue [...]
When Does Residency Trigger a CAT Liability? Capital Acquisitions Tax (CAT) applies to gifts, inheritances, and certain discretionary trust distributions. A CAT liability may arise if [...]
Advice in advance is the only way to plan for this tax in the hope of reducing future liabilities or else providing funds in a tax [...]
Gift and inheritance tax (capital acquisitions tax) is dealt with under the self assessment tax system and the obligation is on you to ensure that [...]
Step 1- List out all your assets and their estimated value. Deduct any mortgages or liabilities from the value of the assets. Step 2- Decide who [...]
Annual Gift Tax Exemption Every person can receive up to €3,000 per annum by way of gift from any one donor. This means in the case [...]
Overview of Gift & Inheritance Tax We provide information on the following: Tax Free Thresholds Plan Affairs To Reduce Inheritance / Gift tax in the Future? [...]
