CAPITAL ACQUISITIONS TAX

CAPITAL AQUISITION TAX

Indexed Thresholds for Capital Acquisitions Tax

The date of the benefit (e.g. date of death or date of gift) indicates the relevant period for the correct threshold amount.

Further information on the date of the benefit is available at:  Date of gift/inheritance – Threshold & Rate of Tax Applicable

For the purpose of Gift and Inheritance Tax, the relationship between the person who provided the gift or inheritance (i.e. the disponer) and the person who received the gift or inheritance (i.e. the beneficiary), determines the maximum tax-free threshold – known as the “group threshold”.

Historically group thresholds were indexed by reference to the Consumer Price Index. The indexation of the tax-free group thresholds is abolished for gifts and inheritances taken on or after 7 December 2011.

Group Thresholds Applicable for Capital Acquisitions Tax from 12 October 2016
Group A Group B Group C
Relationship to Disponer Son/Daughter Parent*/Brother/Sister/
Niece/Nephew/Grandchild
Relationship other than
Group A or B
Group Threshold
On or after 12/10/2016
€310,000 €32,500 €16,250
Group Thresholds Applicable for Capital Acquisitions Tax from 14 October 2015
Group A Group B Group C
Relationship to Disponer Son/Daughter Parent*/Brother/Sister/
Niece/Nephew/Grandchild
Relationship other than
Group A or B
Group Threshold
On or after 14/10/2015
€280,000 €30,150 €15,075
Group Thresholds Applicable for Capital Acquisitions Tax from 6 December 2012
Group A Group B Group C
Relationship to Disponer Son/Daughter Parent*/Brother/Sister/
Niece/Nephew/Grandchild
Relationship other than
Group A or B
Group Threshold
06/12/2012 – 13/10/2015
€225,000 €30,150 €15,075
Group Thresholds Applicable for Capital Acquisitions Tax from 7 December 2011
Group A Group B Group C
Relationship to Disponer Son/Daughter Parent*/Brother/Sister/
Niece/Nephew/Grandchild
Relationship other than
Group A or B
Group Threshold
07/12/2011 – 05/12/2012
€250,000 €33,500 €16,750

* In certain circumstances a parent taking an inheritance from a child can qualify for Group A threshold.

Historic Group Thresholds Applicable for Capital Acquisitions Tax
Year Group A
(Son/Daughter)
(after indexation)
Group B
(Parent*/Brother/Sister/Niece/
Nephew/Grandchild)
(after indexation)
Group C
(Relationship other that at A/B)
(after indexation)
01/01/2011 – 06/12/2011 €332,084 €33,208 €16,604
08/12/2010 – 31/12/2010 €332,084 €33,208 €16,604
01/01/2010 – 07/12/2010 €414,799 €41,481 €20,740
08/04/2009 – 31/12/2009 €434,000 €43,400 €21,700
01/01/2009 – 07/04/2009 €542,544 €54,254 €27,127
2008 €521,208 €52,121 €26,060
2007 €496,824 €49,682 €24,841
2006 €478,155 €47,815 €23,908
2005 €466,725 €46,673 €23,336
2004 €456,438 €45,644 €22,822
2003 €441,198 €44,120 €22,060
2002 €422,148 €42,215 €21,108
2001 €402,253 €40,225 €20,113
2000 €380,921 €38,092 €19,046
1999 €244,932 €32,658 €16,329
1998 €239,219 €31,896 €15,948
1997 €235,600 €31,413 €15,707
1996 €231,791 €30,905 €15,453
1995 €226,267 €30,169 €15,084
1994 €220,934 €29,458 €14,729
1993 €218,078 €29,077 €14,538
1992 €211,221 €28,163 €14,081
1991 €204,936 €27,325 €13,662
1990 €198,079 €26,411 €13,205
1984 to 1989** € 190,461 €25,395 €12,697

 

* In certain circumstances a parent taking an inheritance from a child can qualify for Group A threshold.

**Indexation applies with effect from 1 January 1990 to 6 December 2011.

Capital Acquisitions Tax comprises Gift Tax, Inheritance Tax and Discretionary Trust Tax. Gift tax is charged on taxable gifts taken (other than on a death) on or after 28 February, 1974 and Inheritance Tax is charged on taxable inheritances taken (on a death) on or after 1 April, 1975. A once-off Inheritance Tax applies to property subject to a discretionary trust on 25 January, 1984, or becoming subject to a discretionary trust on or after that date.

Rates of Tax and Thresholds applicable

The standard rate of tax is 33% in respect of gifts and inheritances taken on or after 6th December 2012.

Present and previous rates of tax and Threshold Amounts: Thresholds, Rates and Aggregation Rules

Reliefs and Exemptions from Capital Acquisitions Tax

There are a number of reliefs available in relation to Capital Acquisitions Tax, including Business Relief, Agricultural Relief, and Favourite Nephew Relief. Exemptions may apply to certain classes of property and to certain classes of individuals. Further information about reliefs and exemptions can be found in the links at the left of this page.

Further Information

You can get more information about Capital Acquisitions Tax in the various links on this page, including information about filing a return, completing the Inland Revenue Affidavit, Legislation changes, and general CAT issues such as Double Taxation and Capital Gains Tax credits etc. You can also download and/or order any Capital Acquisitions Tax forms and leaflets that you require.

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