Capital Acquisition Tax (Gift / Inheritance Tax)

Capital Acquisition tax is a tax on gifts and inheritances. Gifts become inheritances if the person gifting the gift dies within two years of the date of the gift.

If you received a gift or inheritance with the valuation date from 1 January to 31 August, you might have to file and pay by 31 October of that year. For gifts and/ or inheritances with the valuation date 1 September to 31 December, you might have to file and pay by 31 October the following year.

We can help you with the following:

1. Determining whether you should file tax return when you receive a gift and/ or inheritance, complete and file your gift and/ or inheritance tax return if necessary
2. Calculate any taxes payable on the gift and/ or inheritance, if any; and arrange
   payment of the gift and/ or inheritance tax
3. Reduce any taxes payable on the gifts and/ or inheritance by claiming the relevant, tax- free lifetime threshold, deductions, reliefs and credit or deduction for foreign taxes paid where applicable.
4. What group threshold you come within depending whether you receive a gift and, inheritance from a parent, aunt, uncle, sister, brother etc

Gifts and/ or Inheritances from abroad
If you received any gifts and/ or inheritances from abroad we will help you to determine whether you also need to file and pay any gift and/ or inheritance tax in Ireland claiming a tax credit or tax deduction for the foreign taxes paid on the same gift and/ or inheritance.