Capital Acquisitions Tax

Info_hoarder

Capital Acquisitions Tax CAT
I've some questions!!!
What if the inheritance of a property is given from a great uncle?
Which group threshold does it fall into?
A? B? C?
How long do they give you to pay the tax off?
Can you make a deal with revenue to pay it off per year? Or does it all have to be payed on the one day?
What happens if you miss the deadline for CAT ?

Calahonda52

If the donor is not listed under A or B then its C
What ever the applicable date is
No deal
Fine,
https://www.revenue.ie/en/gains-gifts-and-inheritance/gift-and-inheritance-tax-cat/what-charges-are-there-for-late-filing.aspx

Info_hoarder

Calahonda52 wrote: »

If the donor is not listed under A or B then its C
What ever the applicable date is
No deal
Fine,

The group threshold B doesn't specify a great uncle,

My understanding of what someone has told me is that you can pay 10% of the inheritance tax every year till its payed ? But we don't know what is what