Capital Acquisitions Tax Consolidation Act 2003 Section 92

Business relief

Section 92 provides that the taxable value of relevant business property is reduced by 90% for capital acquisitions tax purposes.

• Where a taxable gift or taxable inheritance includes relevant business property, the taxable value attributable to that property qualifies for business relief.
• Business relief operates by reducing the taxable value of the relevant business property by 90%.
• The relief applies whether the whole or only part of the taxable value is attributable to relevant business property.
• The relief is subject to the other provisions of Chapter 2, which define relevant business property and set out conditions and restrictions.