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…
Business Relief from inheritance or gift tax 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…
Exemption for Dwelling House You will not have to pay Capital Acquisitions Tax (CAT) if you inherit a house and you qualify for the Dwelling House Exemption. You will be exempt from CAT on a house you inherit if: The house was the only or main home of the person who died. You lived in the house…
