Capital Acquisitions Tax (CAT)
We can provide specialist advice and services on:
The CAT implications of a gift or an inheritance (irish inheritance tax), the quantification of CAT liabilities and the timely filing of CAT returns.
The transfer of wealth and assets to family members or any other individuals in a tax efficient manner. The use of CAT business property relief to pass on business assets or private trading companies in a tax efficient manner. This may include an element of restructuring prior to the gift or inheritance to maximise the reliefs available. The use of CAT agricultural property relief to pass on farming land and assets.
The use of other available CAT reliefs (e.g. dwelling house relief and the small gift allowance) to pass on assets. The use of fixed, bare and discretionary trusts as tax efficient mechanisms for the passing on of wealth and assets.