Saturday July 11, 2020

Make a special bequest to cut CAT liabilities

Don’t wait until you die – giving your inheritance away now will help keep the taxman at bay, writes Andrew Fahy.

6th April, 2014

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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 6 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago