Friday August 7, 2020

Urbanites pick up bulk of tab for inheritance tax

30th August, 2015

The tax take from capital acquisitions tax, which is levied on gifts and inheritances, is heavily skewed towards urban areas, according to documents compiled by the Revenue Commissioners.

Tax sources have raised concerns about the urban-rural divide in relation to capital acquisitions tax (CAT), suggesting that inheritance tax has become a Dublin property tax.

Tax-free thresholds for CAT were slashed in recent years, an issue that is of growing concern to those inheriting urban properties...

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