Capital Acquisitions Tax Consolidation Act 2003 section 46

Delivery of returns

Section 46 sets out the obligations on accountable persons to file self-assessment returns, pay Capital Acquisitions Tax by specified deadlines, and comply with Revenue requirements for additional returns, inspections, and reporting of specified family loans.

• A person accountable for CAT must file a self-assessment return and pay the tax due by 31 October in the year the valuation date falls (1 January–31 August) or by 31 October of the following year (1 September–31 December), with discretionary trust charges payable within four months of the valuation date.
• A filing obligation arises where the aggregate taxable value of benefits under the same group threshold exceeds 80% of the threshold amount, where the benefit includes agricultural or business property, where specified family loans exceed €335,000, or where Revenue issues a written notice requiring a return.
• Revenue may require additional returns where a filed return is defective, and a person who becomes aware of a defect must file a corrected return within three months without waiting for Revenue to request one; the four-year time limit on Revenue enquiries runs from 31 December in the year the return was received, unless fraud or neglect is involved.
• A disponer settling property into a discretionary trust must file a return within four months of the disposition, and Revenue may also require a disponer to file returns where the beneficiary's cumulative benefits exceed 80% of the relevant group threshold or where the benefit includes agricultural or business property.