Revenue eBrief No. 066/25
19 March 2025
Capital Acquisitions Tax (CAT) Part 15 – Insurance Policies
Sections 72 and 73 of the Capital Acquisitions Tax Consolidation Act (CATCA) 2003 provide for an exemption from CAT for the proceeds of certain insurance policies which are specifically taken out to pay CAT. Tax and Duty Manual (TDM) Capital Acquisitions Tax Part 15 - Insurance Policies, which provides guidance on the operation of these exemptions, has been updated.
The main changes are as follows;
- References to earlier Statements of Practice have been removed as the relevant material has been fully incorporated into this TDM.
- A new example covering section 73 has been added to paragraph 15.6.6