How to cut your inheritance tax
Capital acquisitions tax (CAT) thresholds are very low, but could change in the upcoming budget
You must make a tax return if the total value of gifts and inheritances you have received in one of the groups below, since December 5, 1991, is more than 80 per cent of the tax-free threshold for that group:
■ Group A (son/daughter) €225,000
■ Group B (parent/brother/dister/niece/nephew/grandchild) €30,150
■ Group C (relationship other than that of A/B) €15,075
The tax rate is 33 per cent. You pay CAT by self-assessment (pay ...