Capital Acquisitions Tax (CAT) is a tax on gifts and inheritances. Gifts and inheritances over a certain value will be liable to CAT at a current rate of 33% (valid from 6 December 2012). The calculation of CAT is based on the market value of the property and allowance is given for all liabilities, costs and expenses that are properly payable.
Gifts become inheritances if the person dies within two years of giving the gift.
Scope of CAT
A gift or inheritance is within the charge to CAT if:
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•ÌýÌýÌýÌý either the disponer, the donee (in the case of a gift) or the successor (in the case of an inheritance) is Irish resident or ordinarily resident (apply income tax rules to determine resident/ordinary resident status), or
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•ÌýÌýÌýÌý if the subject of the gift or inheritance is an Irish situate asset
There are special rules for non-domiciled individuals. These rules provide that a foreign domiciled person will not be considered resident or ordinarily resident in the state for CAT purposes unless they were resident
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Web page updated on 17 Mar 2025 13:29