Dwelling house exemption will help avoid CAT
As up to one-third of family assets now pass to the taxman upon inheritance, there are strategies to deal with succession anxiety
A higher tax rate and lower tax-free thresholds have resulted in an increased awareness among many people of capital acquisitions tax (gift tax and inheritance tax, commonly known as CAT) over the last few years.
There have been significant increases in the CAT rate since 2009, and the tax-free thresholds/limits have been gradually reduced from the highs of 2009 to the present day.
Back in 2009, parents, between them, could give assets totalling ...
