Capital Acquisitions Tax

Capital Acquisitions Tax comprises Gift Tax, Inheritance Tax and Discretionary Trust Tax. Gift tax is charged on taxable gifts taken (other than on a death) on or after 28 February, 1974 and Inheritance Tax is charged on taxable inheritances taken (on a death) on or after 1 April, 1975. A once-off Inheritance Tax applies to property subject to a discretionary trust on 25 January, 1984, or becoming subject to a discretionary trust on or after that date.

Rates of Tax and Thresholds applicable

The standard rate of tax is 33% in respect of gifts and inheritances taken on or after 6th December 2012.

Present and previous rates of tax and Threshold Amounts: Thresholds, Rates and Aggregation Rules

Reliefs and Exemptions from Capital Acquisitions Tax

There are a number of reliefs available in relation to Capital Acquisitions Tax, including Business Relief, Agricultural Relief, and Favourite Nephew Relief. Exemptions may apply to certain classes of property and to certain classes of individuals. Further information about reliefs and exemptions can be found in the links at the left of this page.

Further Information

You can get more information about Capital Acquisitions Tax in the various links on this page, including information about filing a return, completing the Inland Revenue Affidavit, Legislation changes, and general CAT issues such as Double Taxation and Capital Gains Tax credits etc. You can also download and/or order any Capital Acquisitions Tax forms and leaflets that you require.

Tax & Duty Manuals

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