Ireland Inheritance tax/gift tax
- Tax is payable on an inheritance in Ireland, and on gifts. The tax is known as CAT (Capital Acquisition Tax).
- When either the donor of the gift/the testator or the recipient of the gift/the heir is an Irish resident, the tax is also applicable to overseas assets.
- The tax is payable at 33% over and above the amount of the exemption.
- The amount of the exemption varies between EUR 16,750 and EUR 25,000.
- Generally speaking, the closer the relationship between the donor/testator and the recipient/heir, such as in the case of a spouse, son or daughter, the greater sum is exempt.
Ireland Stamp Duty
Stamp duty of 1%-2% is payable on transfer of residential property.The maximum rate of tax for non-residential property is 7.5%.
Note: The information in this site is for general guidance only. Users of this site are advised to take professional advice before taking practical tax decisions.
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