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Capital acquisitions tax rates

Date of benefit Gift/Inheritance tax rate
On or after 06/12/2012 33%
07/12/2011 – 05/12/2012 30%
08/04/2009 – 06/12/2011 25%
20/11/2008 – 07/04/2009 22%
01/12/1999 – 19/11/2008  20%

Discretionary trust tax

Assets placed in discretionary trusts are subject to:

(a) A once-off charge of 6%, which is due within four months of the valuation date (s 18).

(b) An annual charge of 1%, which is due on 31 December each year, and payable four months later each year during the trust’s lifetime (s 23).

Probate tax

Probate tax was charged up to 6 December 2000 at 2% on the net value of an estate, and was due within nine months of the date of death (FA 1993 s 113).

Inheritance tax thresholds

Group thresholds applicable for capital acquisitions tax from 12 October 2016
Group A Group B Group C
Relationship to disponer Son/Daughter (€) Parent*/Brother/Sister/
Niece/Nephew/Grandchild (€)
Relationship other than
Group A or B (€)
Group threshold
On or after 12/10/2016
310,000 32,500 16,250

 

Group thresholds applicable for capital acquisitions tax from 14 October 2015
Group A Group B Group C
Relationship to disponer Son/Daughter (€) Parent*/Brother/Sister/
Niece/Nephew/Grandchild (€)
Relationship other than
Group A or B (€)
Group threshold
On or after 14/10/2015
280,000 30,150 15,075

 

Group thresholds applicable for capital acquisitions tax from 6 December 2012
Group A Group B Group C
Relationship to disponer Son/Daughter (€) Parent*/Brother/Sister/
Niece/Nephew/Grandchild (€)
Relationship other than
Group A or B (€)
Group threshold
06/12/2012 – 13/10/2015
225,000 30,150 15,075

 

Group thresholds applicable for capital acquisitions tax from 7 December 2011
Group A Group B Group C
Relationship to disponer Son/Daughter (€) Parent*/Brother/Sister/
Niece/Nephew/Grandchild (€)
Relationship other than
Group A or B (€)
Group threshold
07/12/2011 – 05/12/2012
250,000 33,500 16,750

* In certain circumstances a parent taking an inheritance from a child can qualify for Group A threshold.

Historic group thresholds applicable for capital acquisitions tax
Year Group A
(Son/Daughter)
(after indexation) (€)
Group B
(Parent*/Brother/Sister/Niece/
Nephew/Grandchild)
(after indexation) (€)
Group C
(Relationship other that at A/B)
(after indexation) (€)
01/01/2011 – 06/12/2011 332,084 33,208 16,604
08/12/2010 – 31/12/2010 332,084 33,208 16,604
01/01/2010 – 07/12/2010 414,799 41,481 20,740
08/04/2009 – 31/12/2009 434,000 43,400 21,700
01/01/2009 – 07/04/2009 542,544 54,254 27,127
2008 521,208 52,121 26,060
2007 496,824 49,682 24,841
2006 478,155 47,815 23,908
2005 466,725 46,673 23,336
2004 456,438 45,644 22,822
2003 441,198 44,120 22,060
2002 422,148 42,215 21,108
2001 402,253 40,225 20,113
2000 380,921 38,092 19,046
1999 244,932 32,658 16,329
1998 239,219 31,896 15,948
1997 235,600 31,413 15,707
1996 231,791 30,905 15,453
1995 226,267 30,169 15,084
1994 220,934 29,458 14,729
1993 218,078 29,077 14,538
1992 211,221 28,163 14,081
1991 204,936 27,325 13,662
1990 198,079 26,411 13,205
1984 to 1989** 190,461 25,395 12,697

* In certain circumstances a parent taking an inheritance from a child can qualify for Group A threshold.

**Indexation applies with effect from 1 January 1990 to 6 December 2011.