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CAT Query

  • 05-10-2018 7:41pm
    #1
    amacca
    Registered Users, Registered Users 2 Posts: 7,201 ✭✭✭


    Hi,

    I was wondering if anyone could help me with a query on CAT.

    So in my hypothetical scenario say a child inherits a farm worth €400,000 and qualifies for agricultural relief thus reducing the value of the asset by 90% then for the purposes of CAT the farm is valued @ €40,000

    And currently the tax free threshold between a parent and child is €310,000.

    Does this mean that the child can still inherit €270,000 (€310,000 - €40,000) before they are over the threshold and then become liable for 33% tax rate on inheritance?


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