Gift and Inheritance Tax (Capital Acquisitions Tax – CAT)
What do you pay CAT on?
Items regarded as a gift or inheritance include:
- jewellery or a car
- house or lands
- stocks and shares
- the free use of a house for life
- an interest free loan.
You may also have to pay discretionary trust tax on property held in discretionary trusts.
Next: What do you not pay CAT on?