Capital Acquisitions Tax

Irish gift and inheritance tax (known as Capital Acquisitions Tax or CAT) generally arises where a gift or inheritance is received from or by an Irish resident, or where the property passing is located in Ireland. Where the total benefits exceeds 80% of the relevant tax free threshold a return is due and if the threshold is exceeded CAT is payable at 33%.  

The CAT year runs from 1 September to 31 August, with the pay and file deadline falling on 31 October following the end of each CAT year.  

O’Hanlon Tax advises individuals and trustees on CAT planning and deals with all aspects of compliance, including the impact of prior benefits, valuation issues, and the availability of reliefs such as dwelling house relief, business relief, and agricultural relief. 

Our written advice is tailored to each client’s circumstances and supports accurate reporting, relief claims, and compliance with the relevant tax law.