Naoise Ó Muirí (Dublin Bay North, Fine Gael)
Link to this: Individually | In context

332. To ask the Minister for Finance the thresholds and rates for Capital Acquisitions Tax; his views on the appropriate relationship for different categories of recipient; and if he will make a statement on the matter. [51919/25]

Paschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context

Capital Acquisitions Tax (CAT) is a beneficiary-based tax on gifts and inheritances that is payable on the value of the property received. For CAT purposes, the relationship between the person giving a gift or inheritance (i.e. the disponer) and the person who receives it (i.e. the beneficiary) determines the maximum amount, known as the “Group threshold”, below which CAT does not arise. CAT is charged at a rate of 33% above each Group threshold.

There are three Group thresholds:

• the Group A threshold (currently €400,000) applies where the beneficiary is a child of the person giving the gift or inheritance
• the Group B threshold (currently €40,000) applies where the beneficiary is a brother, sister, nephew, niece, lineal ancestor or lineal descendant of the person giving the gift or inheritance
• the Group C threshold (currently €20,000) applies in all other cases.