Gift and Inheritance Tax (Capital Acquisitions Tax – CAT)

What do you pay CAT on?

Some items regarded as a gift or inheritance include:

  • cash
  • jewellery or a car
  • house or lands
  • stocks and shares
  • the use of a property for free, or for less than it is
    worth
  • 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?