Revenue eBrief No. 065/20

20 April 2020

Capital acquisitions tax: dwelling house exemption and 'same event' credit for CGT against CAT

The Capital Acquisitions Tax Manual has been updated in Part 13 and Part 24.

Part 13 deals with the credit given for CGT against CAT arising on the same event (section 104 CATCA 2003). It has been amended to include the exemption from the 2-year holding period requirement in the case of life assurance policies.

Part 24 deals with the dwelling house exemption (section 86 CATCA 2003) and now takes account of amendments made in Finance Act 2019 (section 63) in relation to beneficial interests held or acquired in other dwelling houses.