Capital Acquisitions Tax (known as “CAT”) is a tax on gifts and inheritances. You may receive gifts and inheritances up to a set value over your lifetime before having to pay CAT. Once due, it is charged at the current rate of 33% (valid from 6 December 2012).
There is provision for a tax-free threshold below which no tax is paid, and there are 3 categories of threshold group 1, group 2 and group 3.
Capital Acquisition Tax Thresholds