TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

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.