Inheritance Tax Return Ireland
We help beneficiaries calculate and file Capital Acquisitions Tax (CAT) returns in Ireland, including inheritance tax and gift tax obligations.
RICHARD OSHEA CONSULTANCY
Get Your Inheritance Tax Return Right
Receiving an inheritance or a significant gift can create a Capital Acquisitions Tax (CAT) liability.
However, working out how much CAT you owe is not always straightforward. You may need to consider your relationship with the person who gave you the benefit, previous gifts or inheritances, the relevant tax-free threshold and available reliefs.
We help you understand your CAT position, calculate the tax due and complete the required return with Revenue.
UNDERSTANDING CAT
What Is Capital Acquisitions Tax?
Capital Acquisitions Tax (CAT) is a tax on gifts and inheritances received by a beneficiary.
For example, CAT can apply when you receive money, property, shares, jewellery or other assets as a gift or inheritance.
The current CAT rate is 33% on the taxable amount above your relevant tax-free threshold. The threshold depends on your relationship with the person who gave you the gift or inheritance.
What's Included
CAT & Inheritance Tax Return Support
We make the CAT process easier and help you understand your tax position.
CONTACT US
Need Help With an Inheritance Tax Return?
WHY IT MATTERS
Why Get Professional CAT Advice?
We help you calculate the taxable value of your gift or inheritance and apply the correct threshold.
Previous gifts and inheritances can affect your available threshold. We review the relevant benefits before calculating your CAT.
We check whether relevant reliefs or exemptions may reduce your taxable amount.
CAT has specific payment and filing dates. We help you understand when your return and payment are due.
WHO WE HELP
Who is this service for
Whether you have received an inheritance, a large gift or another taxable benefit, our CAT service helps you understand your liability and meet your Revenue obligations.
YOUR PROACTIVE ACCOUNTANT
Meet Richard OShea
Richard OShea is a Chartered Accountant and Chartered Tax Adviser based in Cork, working with SMEs, construction businesses, and owner-managed companies across Ireland.
Inheritance and gift tax can involve complex calculations, thresholds and reliefs. Richard works proactively with clients to make sure their CAT position is reviewed carefully and their required return is filed correctly.
Whether you have recently received an inheritance or a significant gift, you’ll receive practical advice and responsive support throughout the process.
CLIENT FEEDBACK
Trusted by businesses across Ireland
Real feedback from business owners we've worked with.
NEED TO KNOW
Frequently asked questions
Clear answers to common questions from business owners considering this service.
Capital Acquisitions Tax (CAT) is a tax on gifts and inheritances received by a beneficiary.
Once your taxable benefit exceeds the relevant tax-free threshold, CAT may apply at the current rate of 33%.
The beneficiary who receives the inheritance is generally responsible for calculating, filing and paying the CAT due.
In other words, the person receiving the benefit is the person who normally deals with the CAT return.
Form IT38 is the Capital Acquisitions Tax return used to report gifts and inheritances to Revenue.
You can file your return online through myAccount or Revenue Online Service (ROS).
You generally need to file a CAT return when the total taxable value of your benefits exceeds 80% of the relevant group threshold.
However, you may also need to file where you are claiming certain reliefs, such as Agricultural Relief or Business Relief.
The current CAT rate is 33% on the taxable amount above the relevant tax-free threshold.
The threshold depends on your relationship with the person who gave you the gift or inheritance.
For example, different thresholds apply to benefits received from parents, relatives and people outside those family groups.
Previous gifts and inheritances within the same group can also affect the amount of your available threshold.
No. A gift or inheritance received from your spouse or civil partner is generally exempt from CAT.
GET STARTED
Need Help With Your CAT Return?
Book a free 15-minute discovery call. If you've received an inheritance or significant gift and you're unsure about the tax involved, we can help.
