Capital Acquisitions Tax: Threshold Increased

 

Budget 2016 offers some relief in respect of gifts/inheritances to children from their parents.

 

 

The “Group A” (parents to children) tax free threshold has increased from €225,000 to €280,000.

 

This is a welcome development considering recent increases in property prices, and goes some way to mitigating the significant reductions in the threshold which in 2009 was in excess of €540,000.

 

The applicable rate of CAT remains at 33%.

 

For advice on gifts of assets or estate planning please contact us on 01 6770335 or at info@joyntcrawford.ie.

Joynt & Crawford
8 Anglesea St, Dublin 2
Eircode - D02 C640
Tel : +353 1 677 0335
Fax: +353 1 677 7274

Dx no: 253 013 Dame Street
Email: info@joyntcrawford.ie


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