SAVE CASH FOR CAPITAL ACQUISITIONS TAX (CAT) USING A S72/S73 POLICY

As we previously noted, Capital Acquisitions Tax (CAT) is a “painful” tax payable at 33% of any gift or inheritance you may receive from parents or others. CAT allows a threshold of €335k to be deducted from the value of a gift or inheritance between a parent a child,...

PASS IT ON TAX FREE

How can you give cash away tax free? You might think, no problem, there is nothing stopping me. And there isn’t. But the person receiving the gift has to pay 1/3 of the gift as Capital Acquisitions Tax (CAT). If you have often wondered how you can pass on some cash...

FAMILY LOANS

The Government has not gone ahead with planned changes to the Capital Acquisitions tax (CAT) treatment of family loans. These plans, announced in the Finance Bill, would have taxed the interest on the loan, based on the borrowing rate rather than on the deposit rate...

Dwelling house exemption change for Capital Acquisitions Tax (CAT)

Dwelling house exemption change for Capital Acquisitions Tax (CAT) The changes to the dwelling house exemption from CAT which came into effect on or after 25 December 2016, mean the exemption will now only apply to inheritances and not gifts unless the house is gifted...
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