# Valuation date and the value of benefits

## Factors used for calculating value of limited interest

To calculate the taxable value of a limited interest, there are two tables provided in Schedule 1, Capital Acquisitions Tax Consolidation Act, 2003.

Tables A and B give the rules for calculating the taxable value for:

• a single life
• joint lives
• the longer of two or more lives
• an interest that is guaranteed for a specified time.

An interest may  be for a life or lives, and in the same instance be also guaranteed for a specified time. In this case the value you use must be the higher one calculated from either Table A or Table B.

### How to use Table A (Multipliers for life interests)

Calculate the value of a limited interest by multiplying the benefit value by the factor which relates to the appropriate age and gender.

For a limited interest for two people the age factor used is for the older person. This must then be multiplied by the Joint Factor appropriate to the age of the younger person.

### How to use Table B (Multipliers for limited interests taken for a certain period)

The value of the benefit is multiplied by the ‘Value of the interest’ which is appropriate to the number of whole years in the period.

The period may not be an exact whole number of years, but is whole years and a part of a year. (For example, seven years and eight months). You will need to calculate the value of the part-year separately:

• Calculate the value of an interest for one year longer than the whole number of years.
• Subtract this amount from the value you calculated for the whole number of years.
• Calculate the proportion of the year:
• for months, divide by 12 and multiply by the number of months
• for days, divide by 365 and multiply by the number of days.