Business Relief


If you inherit or receive a gift of business property, you may qualify for Business Relief. Business relief is granted on the transfer of relevant business property.

The relief applies to:

  • the transfer of a business
  • a share in a business
  • or
  • the shares or securities of a company carrying on a business.

The relief does not apply to individual assets, even if those assets were used in the business.

Business Relief reduces the taxable value of the business property which Capital Acquisitions Tax (CAT) is calculated on by 90%. This is subject to conditions.

A business is an activity, such as a trade, profession or vocation which is carried on for gain.

Agricultural property which does not qualify for Agricultural Relief may qualify for Business Relief.

Next: What are the conditions for Business Relief?