Capital Acquisitions Tax
CAT Tax-Free Threshold
The rate of CAT increased to 30% with effect from 7 December 2011 and the tax-free threshold for Group A (gifts and inheritances from parents to children) also reduced from €332,084 to €250,000. In addition, the Group B and C thresholds are rounded up to €33,500 and €16,750 respectively. While the tax-free thresholds for CAT purposes have been reduced by successive Finance Bill, this Finance Bill goes one step further by formally abolishing the indexation of the tax-free thresholds.