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Business Relief - CAT

  • 12-05-2018 9:18am
    #1
    DoraExplora
    Registered Users, Registered Users 2 Posts: 60 ✭✭


    Hi,

    Can someone tell me the treatment or if required to split assets for Business Relief in the case of gift share transfer for an unlimited company.

    For the CGT Retirement Relief I can find lot of examples about removing ':confused:non chargeable business assets' eg cash & investments before applying the relief.

    But given the same figures from the CAT side
    Premises €200k
    Goodwill €80k
    Quoted Shares €20k
    Cash €40k
    Debtors €35k
    Value of Shares €375k

    CGT Retirement relief will only be applied to the Premises & goodwill.
    Is there a similar treatment for CAT?
    Tagged:


Comments

  • #2
    dogsears
    Registered Users, Registered Users 2 Posts: 535 ✭✭✭dogsears


    Check out s100 CATCA re "excepted assets" and "excluded property" - whereby the part of the value of the shares that qualifies for relief can reduce by reference to the value of those assets. Its not exactly the same as the CGT Retirement relief but follows similar principles.

    There is a also very good Irish Tax Review article from a few years ago. I can't get it right now but if you have access it should show if you search by CAT Business Property Relief.


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