Irish Taxation Institute: Educating, Developing and Representing

Capital Acquisitions Tax

Portion of taxable value of benefits	Inheritance tax %	Gift tax %
Benefits taken from 1 December 1999 onwards
The threshold amount	Nil	Nil
The balance	20	20

Notes

• The rates of inheritance tax and gift tax are applied by reference to the aggregate of all taxable inheritances and taxable gifts taken after 5 December 1991 by the beneficiary being taxed. Inheritances or gifts taken before 5 December 1991 are not aggregated in relation to inheritances or gifts taken on or after that date.
• Tax rates were considerably higher for benefits taken before 1 December 1999 and differed between gifts and inheritances.
• For the purpose of gift and inheritance tax, the relationship between the person who provided the gift or inheritance (the donor) and the person who received the gift or inheritance (the beneficiary) determines the maximum tax-free threshold, known as the "group threshold". Three group thresholds were introduced on 1 December 1999 in respect of gifts and inheritances taken between 1 December 1999 and 31 December 2000.
• For the new indexed threshold amounts, see the table below.

Group	Relationship to disponer	Group threshold
		2008	2009	2009 Supplementary Budget
A	Son/daughter	€521,208	€542,544	€434,000
B	Parent*/brother/sister/ niece/nephew/grandchild	€52,121	€54,254	€43,400
C	Relationship other than Group A or B	€26, 060	€27,127	€21,700