Exemption of certain receipts
The following receipts are exempt from Capital Acquisitions Tax (CAT):
- compensation or damages you received for any wrong or injury you suffered to your person, property, reputation or means of livelihood
- compensation or damages you received for any wrong or injury resulting in the death of any other person
- winnings (whether in cash or non cash from) from betting, lotteries, or games with prizes
- property you received to reduce debt if you are bankrupt or near-bankrupt
- any benefit arising out of the discharge or reduction of a debt under a:
- Debt Relief Notice
- Debt Settlement Arrangement
- Personal Insolvency Arrangement
- receipts taken by certain relatives of the disponer, while the disponer is alive, for which could reasonably be described as normal expenses for support, maintenance, or education purposes
- ex-gratia payments made on or after 1 August 2013 in respect of women who were admitted to, and worked in, Magdalen Laundries. The payment may have been made to an individual or to the estate of a deceased individual.