Capital Acquisitions Tax (CAT) thresholds, rates and aggregation rules

Valuation date and return deadlines

The date of a gift is normally the date it is received. The date of an inheritance is usually the date of death of the person leaving the inheritance. These dates determine the Capital Acquisitions Tax (CAT) rates and the group threshold that apply. The person who gives the gift or inheritance is called the disponer.

The valuation date is the date when the value of the property and assets is established. For more information on how to determine the valuation date see the Valuation date and valuations page.

Where the valuation date is between 1 January and 31 August, the deadline for CAT payment is 31 October in that year.

Where the valuation date is between 1 September and 31 December, the deadline for CAT payment is 31 October in the following year.

To calculate CAT payable, compare the market value of the property and assets at the date you received them with the group threshold. If the market value exceeds this threshold you must pay tax on the difference. The market value of an asset is the price that it would be expected to be sold for in the open market.

Next: CAT thresholds (post November 2011 to date)