Exemption of certain receipts

Income or gains from the following sources are exempt from Capital Acquisitions Tax (CAT):

  • compensation or damages you received for any wrong or injury you suffered to your person, property, reputation or means of livelihood
  • compensation or damages you received for any wrong or injury resulting in the death of any other person
  • winnings from betting, lotteries, or games with prizes
  • property you received to reduce debt if you are bankrupt or near-bankrupt
  • any benefit arising out of the discharge or reduction of a debt under a:
    • Debt Relief Notice
    • Debt Settlement Arrangement
    • Personal Insolvency Arrangement  
  • receipts taken by certain relatives of the disponer, while the disponer is alive, for which could reasonably be described as normal expenses for support, maintenance, or education purposes
  • ex-gratia payments made on or after 1 August 2013 in respect of women who were admitted to, and worked in, Magdalene Laundries. The payment may have been made to an individual or to the estate of a deceased individual.