Reliefs and Exemptions

There are a number of exemptions and reliefs available to individuals that have received a gift or an inheritance. However, like all taxes certain conditions apply to most of the reliefs and/or exemptions.

In order to ensure that you are claiming the correct relief or exemption from Capital Acquisition Tax, contact Iirishtaxback.ie to arrange a meeting to discuss your own personal situation.

Some Reliefs and Exemptions:

• Gifts or inheritances from a spouse or civil partner
• Business Relief
• Agricultural Relief
• Gift or inheritance of a house that has been your main residence
• Small gift exemption of €3,000 per year
• Payments for damages or compensation
• Benefits used only for the medical expenses of a person who is permanently incapacitated due to physical or mental illness
• Benefits taken for charitable purposes or received from a charity
• Retirement benefits and redundancy payments