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What is Inheritance Tax (CAT)?
What is Inheritance Tax (CAT)?
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Guest
Guest
Sep 05, 2025
6:26 AM
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Inheritance Tax, officially referred to as Capital Acquisitions Tax (CAT), is a levy imposed on assets inherited from deceased individuals. This tax applies to gifts and inheritances alike, making it essential for anyone involved in estate planning.
The rate of CAT can be significant, impacting the amount heirs receive. It’s crucial to understand how this tax works within the context of Irish law. The value of an inheritance determines if CAT becomes applicable.
Beneficiaries must report their inheritance and pay any due taxes before they can fully access the assets. There are specific thresholds that vary based on relationship proximity; closer relatives enjoy higher exemptions than distant ones.
Awareness of these factors is vital for effective financial planning and minimising potential liabilities related to Inheritance Tax in Ireland.
For more Details to know, Visit us:- http://mmadvisors.ie/inheritance-tax-ireland-how-to-avoid-legally/
Money Maximising Advisors Limited (https://mmadvisors.ie/)
Call: +353 91 393 125
Email: office@mmadvisors.ie
Address: Unit 3, Office 6, Liosban Business Park, Tuam Rd, Galway, Ireland
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