Capital Acquisition Tax

Capital Acquisitions Tax is charged on the receipt of assets by way of gift, inheritance or under a Trust.

We work closely with clients wishing to pass on assets to their successors. We assist our clients in making decisions ensuring that their wishes are achieved and that the related tax consequences are mitigated.

We also provide specialist Capital Acquisitions Tax advice to other accountants and legal advisers who may not have the required in-house tax expertise.

When calculating the tax we review all the exemptions and reliefs that may be available for each individual client. Some of the more common exemptions/reliefs include:

  • Small gift exemption
  • Exemption for spouses
  • Agricultural relief
  • Business property relief
  • Credit for Capital Gains Tax paid against Capital Acquisitions Tax due
  • Exemption of certain dwellings