Gift and Inheritance Tax (Capital Acquisitions Tax – CAT)
What do you pay CAT on?
Some items regarded as a gift or inheritance include:
- house or lands
- household contents
- stocks and shares
- the free use of property
- an interest free loan
- a life interest or a right of residence in a property
- a benefit received out of a discretionary trust
- a further share in jointly held property that you inherited from another joint owner.
Next: What do you not pay CAT on?