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Tag: inheritance

Receiving a gift of foreign property

Receiving a gift of foreign property

Receiving a gift of a foreign property You might receive a gift of a foreign property, or inherit one. If so, you may have to pay Irish Capital Acquisitions Tax (CAT) on it. This will happen if you, or the person that you receive the property from, are resident, or ordinarily resident, in Ireland. A certain amount of…

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Business Relief

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…

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