Capital Acquisitions Tax Consolidation Act 2003 section 70

Exemption for spouses (gifts)

Section 70 provides that gifts between spouses or civil partners are fully exempt from capital acquisitions tax (gift tax).

• A gift taken by a person who is the spouse or civil partner of the disponer at the date of the gift is completely exempt from gift tax.
• The exemption applies regardless of the value of the gift — there is no monetary limit.
• The exempt gift is not taken into account when computing tax on any other gifts or inheritances taken by the donee.
• The key requirement is that the donee must be the spouse or civil partner of the disponer at the date the gift is taken.