Information on tax after a bereavement

What is a beneficiary?

If you inherit an asset from someone after they die you are a beneficiary. You may have to pay Capital Acquisitions Tax (CAT) on the value of your inheritance. 

The amount of CAT due depends on your relationship to the deceased and the value of the inheritance. You may be able to claim certain exemptions or reliefs on your inheritance. 

Surviving spouse or civil partner

You do not have to pay CAT if you receive an inheritance from your deceased spouse or civil partner

Other beneficiaries

Any inheritance you receive is added to the value of all other inheritances or gifts you have received since 5 December 1991. If the total value is above the group threshold you will have to pay CAT.

See the Gains, gifts and inheritance section for more information. 

Next: What is a trustee?