As reported in the Irish Times today, inheritance tax collected by the Exchequer in 2018 has reached a record high of €466.3 million, up by 10% on the previous year. This sharp increase is due to increased growth in property prices and the unchanged tax free...
In Monday’s Irish Times (14th May 2018), it was reported that new figures show inheritances and gifts worth over €1.4bn were subject to inheritance tax last year. The Revenue Commissioners have released figures showing receipts for CAT (Capital Acquisition tax) rose...
Revenue has announced an extension to the ROS Return Filing and Tax payment date to Wednesday, 14th November. This applies to certain self-assessed Income Tax customers and for customers liable to CAT (Capital Acquisitions Tax). Also for any PAYE customers who are...
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...
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