Gift and Inheritance Tax (Capital Acquisitions Tax – CAT)

What charges are there for late filing?

The charge for late filing is a percentage of the total tax due for that year, and will depend on the length of the delay.

There is an overall cap on the amount you have to pay. If you pay within two months of the filing date, 5% will be added (up to a maximum of €12,695). After that time 10% will be added (up to a maximum of €63,485).

You may also have to pay the following daily interest rates for late payments:

Daily interest rates for late payment
Valuation Period% Interest due
31 March 1976 to 31 July 1978 0.0492%
1 August 1978 to 31 March 1998 0.0410%
1 April 1998 to 31 March 2005 0.0322%
1 April 2005 to 30 June 2009 0.0273%
1 July 2009 to date of payment 0.0219%

The following daily interest rates apply for late payments in relation to agricultural or business property:

Interest rates for agricultural or business property
Valuation Period% Interest due
8 February 1995 to 31 March 1998 0.0307%
1 April 1998 to 31 March 2005 0.0241%
1 April 2005 to 30 June 2009 0.0204%
1 July 2009 to date of payment 0.0164%

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