Inheritance Tax (Capital Acquisitions Tax) Return
Helping you manage tax obligations on gifts and inheritances
What Is Inheritance Tax?
In Ireland, Inheritance Tax is officially called Capital Acquisitions Tax (CAT). It applies when you receive a gift or inheritance (such as money, property, or shares) that exceeds certain tax-free thresholds.
The current standard CAT rate is 33%.
Who Needs to File?
You may need to file an Inheritance Tax return if you:
- Receive a gift or inheritance from a family member, relative, or other person
- Inherit property, cash, or investments
- Are the beneficiary of a will or trust
- Exceed the tax-free group thresholds set by Revenue
What’s Included?
Our Inheritance Tax service helps you understand your obligations and reduce liabilities where possible:
- Assessment of tax-free thresholds based on your relationship to the person giving the gift/inheritance
- Calculation of CAT due and preparation of returns (Form IT38)
- Guidance on available reliefs and exemptions (e.g., Dwelling House Relief, Agricultural Relief, Business Relief)
- Advice on structuring inheritances to reduce exposure
- Filing returns and meeting deadlines with Revenue
- Support with audits or Revenue queries
Why It Matters
- Avoid penalties – Late or incorrect filing can be costly
- Peace of mind – Inheritances often happen during difficult times, and we make the process simpler
- Optimise reliefs – Proper planning can significantly reduce the tax burden
- Clarity – Understand exactly what you owe and why
Frequently Asked Questions
What are the current tax-free thresholds (as of 2 October 2024)?
- Group A (children inheriting from parents): €400,000
- Group B (siblings, nieces/nephews, grandchildren): €40,000
- Group C (others): €20,000
Do I always need to pay CAT?
Not always, reliefs such as Agricultural Relief or Business Relief can reduce or eliminate liability.
When is the CAT return due?
CAT returns are due by 31 October in the year following the gift or inheritance.
Next Step
Receiving an inheritance should be a blessing, not a burden. We’ll guide you through the tax process so you can focus on what matters most.
