Revenue eBrief No. 48/18

04 April 2018

Capital Acquisitions Tax - exemption relating to qualifying expenses of incapacitated individuals

The Capital Acquisitions Tax Manual has been updated in Part 22 in relation to the exemption for gifts or inheritances taken for the discharge of qualifying expenses of incapacitated individuals.

The amendments clarify the operation of the relief, particularly in relation to the use of part of a gift or inheritance for purposes other than qualifying medical expenses. New examples are also provided.