Business Relief

Business Relief

If you inherit or receive a gift of business property, you may qualify for Business Relief.

Business Relief reduces the taxable value of the business property which Capital Acquisitions Tax (CAT) is calculated on by 90%, . This is subject to conditions.

A business is any activity, trade, profession or vocation which generates income or profits over time.

Agricultural property which does not qualify for Agricultural Relief may qualify for Business Relief.

The above business relief is subject to qualifying conditions

Any queries on the above give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie