Exemption relating to qualifying expenses of incapacitated persons
Legislation - Section 84, Capital Acquisitions Tax Consolidation Act 2003.
Where a benefit is taken exclusively for the purpose of discharging qualifying expenses of a person permanently incapacitated by reason of physical or mental infirmity, that benefit is exempt from Capital Acquisitions Tax provided the Revenue Commissioners are satisfied that the benefit was or will be applied for such a purpose.
"Qualifying Expenses" are defined as expenses relating to medical care including the cost of maintenance in connection with such medical care.