Capital Acquisitions Tax comprises Gift Tax, Inheritance Tax and Discretionary Trust Tax. Gift tax is charged on taxable gifts taken (other than on a death) and Inheritance Tax is charged on taxable inheritances taken (on a death).

Our tax experts at O’Donovan Lavin make sure individuals make full use of CAT exemptions. We assist with the transfer of wealth and assets to family members and other individuals in the most tax efficient way.

CAT reliefs such as dwelling house relief, small gift allowance, CAT agricultural property relief and CAT business property relief are available and we ensure they are used as efficiently as possible.

The standard rate of tax is 33% in respect of gifts and inheritances taken on or after 6th December 2012.