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Legal Briefing
Cyclists and the Law
 

Capital Acquisitions Tax (CAT) on Gifts & Inheritances

 

Capital Acquisitions Tax is the tax charged on gifts and inheritances. A beneficiary is allowed to take certain amounts tax free. The tax free sum (which is variable) is called the threshold amount. Any sum exceeding the threshold amount is taxed at a rate of 33%. There is no limit on how much a spouse may take by way of gift or inheritance.

 

There are various tax reliefs available, such as farm and business relief, and reliefs on property left to dependent relatives who live in the property. We can advise you of these reliefs.

 

 

For further information contact or David Williams at david.williams@arw.ie
 
 
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