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Tax Facts / Capital Acquisitions Tax
Capital Acquisitions Tax
Tax Thresholds_ Capital Acquisitions Tax Rate:
A flat rate of 20% applies to all gifts/inheritances.
Capital Acquisitions Tax Group tax-free Thresholds:
The following tax-free thresholds apply in respect of gifts / inheritances taken on or after the dates indicated:
Relationship to Disponer
Group
From 01 Jan. 2005 Exempt amount €
From 01 Jan. 2006 Exempt amount €
Son/Daughter1€ 466725€ 478155
Brother, Sister, Niece, Nephew,Grandparent, grandchild,2€ 46673€ 47815
Relationship other than the above3€ 23336€ 23908
In calculating the tax-free amount, all gifts and inheritances received since 5 December 1991 within the same group are taken into account.
Note
¹ Group 1 threshold only applies where a parent takes an inheritance that is not a limited interest on the death of a child. In the case of an inheritance of a limited interest or a gift the Group 2 threshold applies.
² Examples of Group 3 persons would include strangers in blood including in-laws.
³ Surviving spouses step into the shoes of their deceased spouse for benefits taken from relatives of the deceased person.