Gift and Inheritance Tax (Capital Acquisitions Tax – CAT)

What do you pay CAT on?

Some items regarded as a gift or inheritance include:

  • cash
  • house or lands
  • household contents
  • paintings
  • jewellery
  • cars
  • stocks and shares
  • the free use of property
  • an interest free loan
  • a life interest or a right of residence in a property
  • a benefit received out of a discretionary trust
  • a further share in jointly held property that you inherited from another joint owner.

Next: What do you not pay CAT on?