How to cut your inheritance tax

How to cut your inheritance tax
PIcture: iStock

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

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