- Overview
- Income Tax
- PRSI
- VAT
- Corporation Tax
- Capital Gains Tax
- Capital Acquisitions Tax
- Excises
- Stamp Duty
- VRT
- Farmer Taxation
Budget 2013 - Capital Acquisitions Tax
Rate of tax
The rate of tax has been increased from 30% to 33%. The new rate of tax applies to gifts and inheritances taken after 5 December 2012.
Tax-free thresholds
The Capital Acquisitions Tax tax-free thresholds have been reduced as follows:
- Group A from €250,000 to €225,000
- Group B from €33,500 to €30,150
- Group C from €16,750 to €15,075
The reduced tax-free thresholds apply to gifts and inheritances taken after 5 December 2012.
The tax-free thresholds that apply to gifts and inheritances taken after 5 December 2012 are therefore as follows:
| Group A €225,000 | Applies where the beneficiary is a child (including adopted child, step-child and certain foster children) or minor child of a deceased child of the disponer. Parents also fall within this threshold where they take an inheritance of an absolute interest from a child. |
| Group B €30,150 | Applies where the beneficiary is a brother, sister, niece, nephew or lineal ancestor or lineal descendant of the disponer. |
| Group C €15,075 | Applies in all other cases |