Gift and Inheritance Tax (Capital Acquisitions Tax – CAT)
What do you pay CAT on?
Some items regarded as a gift or inheritance include:
- jewellery or a car
- house or lands
- stocks and shares
- the use of a property for free, or for less than it is
- an interest free loan
- a life interest or a right of residence in a property.
You may also have to pay discretionary trust tax on property held in discretionary trusts.
Next: What do you not pay CAT on?