Gift and Inheritance Tax (Capital Acquisitions Tax – CAT)

Overview

CAT is a tax on gifts and inheritances. You may receive gifts and inheritances up to a set value over your lifetime before having to pay CAT. Once due, it is charged at the current rate of 33% (valid from 6 December 2012). For more information on previous rates see CAT Thresholds, Rates and Rules.

Gifts become inheritances if the person dies within two years of giving the gift.

Next: What do you pay CAT on?