In general, a gift from one individual to another may result in either Capital Acquisitions Tax (CAT) at 33% falling due, or a reduction in the recipient’s lifetime tax free threshold. However, CAT legislation allows for an exemption from tax for the first €3,000 of...
Dwelling House Relief allows for a residential property to be passed to an individual free of Capital Acquisitions Tax (CAT), once certain conditions have been met. Due to this relief being “used in a manner that was outside the original intention”, The Minister for...
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