Small Gift Exemption You may receive a gift up to the value of €3,000 from any person in any calendar year without having to pay Capital Acquisitions Tax (CAT). This means that you may take a gift from several people in the same calendar year and the first €3,000 from each disponer is exempt from CAT. This small gift…
Gift or inheritance tax free thresholds The thresholds are broken down into 3 groups as follows: Group A: A son or daughter of the person giving the gift or inheritance = €310,000 Group B: A parent, brother, sister, niece, nephew, grandparent, grandchild, lineal ancestor or a lineal descendant of the giving the gift or inheritance = €32,500…
CAT – Group thresholds You do not have to pay tax on a gift or inheritance if its value is below a particular group threshold. The threshold you use depends on your relationship to the person who gave you the gift or inheritance. You must pay tax on any remaining value above that threshold. There…
