Inheritance Tax at record high

Inheritance Tax at record high

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...
Annual Gift Exemption

Annual Gift Exemption

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...