Keep it in the family

Introduction:

Passing assets can expose you to:

(a) Capital acquisitions tax

(b) Capital gains tax

(c) Stamp duties

This article examines the impact of each tax on lifetime gifts and on transfers following death, in the context of recent changes introduced by the Finance Bill 2006, which is expected to be passed by the end of this month.

Capital acquisitions tax

There are two main types of capital acquisitions tax:

(a) Inheritance tax. ...