In 2009, the tax-free threshold for gifts or inheritances from a parent to a child was €543,000, with any excess subject to capital acquisitions tax (CAT) at a rate of 20 per cent. The fiscal environment has changed dramatically in the intervening period, with CAT seen by successive ministers for finance as particularly low hanging fruit (on the basis that death, much like taxes, is inevitable). Such gifts or inheritances are now subject to CAT...
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