CAT limits being increased

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Joe_90 said:
€310k plus an unlimited value for a house that you have lived in for 3 years, not high at all!!!
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If there is a house to live in. In most circumstances, that means you are a grown adult still living with your parents, so the house only applies to a few.

I think it's safe to say most people have families of their own by the time of inheritance.

Steven
www.bluewaterfp.ie
 
SBarrett said:
If there is a house to live in. In most circumstances, that means you are a grown adult still living with your parents, so the house only applies to a few.
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Steven

A common misconception, you do not have to live with your parents. If the parent gives the child cash over €310k its taxable, if the parent converts the cash into a house and allows the child to live in it for 3 years and gifts it then it's exempt (with a 6 year occupation or reinvestment requirement).

But that's about to change by all accounts.
 
I missed one point or did not understand it properly.

Did the minister say that that the aggregate lifetime limits would increase or is that implied in the increase of the categories anyway ?
Put another way, what is the current law on aggregate limits for capital tax purposes ?
 
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