Budget 2011 - Capital Acquisitions Tax

The Capital Acquisition Tax tax-free thresholds have been reduced by 20% approximately. The new tax-free thresholds apply to gifts and inheritances taken on or after 8 December 2010.

The new tax-free thresholds (after indexation) are as follows:

Group A €332,084	Applies where the beneficiary is a child (including adopted child, step-child and certain foster children) or minor child of a deceased child of the disponer. In certain circumstances parents also fall within this threshold where they take an inheritance from a child.
Group B €33,208	Applies where the beneficiary is a brother, sister, niece, nephew or lineal ancestor or lineal descendant of the disponer.
Group C €16,604	Applies in all other cases