Capital Acquisitions Tax

Threshold	1st Jan 2010
	€
Parent to child	414,799
Blood relative	41,481
Others	20,740

• Small gift exemption of €3000 is applicable per gift, per annum.
• No inheritance/gift tax between spouses
• Other reliefs are available for business and agricultural property. Borrowings on an off-farm private residence will be allowable as a deduction against the value of the residence for the purposes of the 80% farmer test.

Should you require any further information, please contact Susan Lennon. 

Email: slennon@annebrady.ie