Indexed Thresholds for Capital Acquisitions Tax
For the purpose of Gift and Inheritance Tax, the relationship between the person who provided the gift or inheritance (i.e. the Disponer) and the person who received the gift or inheritance (i.e. the beneficiary), determines the maximum tax free threshold - known as the "group threshold".
Historically group thresholds were indexed by reference to the Consumer Price Index.
Section 109 Finance Act 2012 amends Schedule 2 of the Capital Acquisitions Tax Consolidation Act 2003. This abolishes the indexation of the tax-free group thresholds. The amendment applies to gifts and inheritances taken on or after 7 December 2011.
Under the Finance Act 2011 the indexation factor for 2010, will continue to apply to gifts and inheritances taken on or after 8 December 2010 to 6 December 2011. The indexation factor for 2010 (1 January 2009 to 31 December 2009 inclusive) was 1.361.
Indexed group thresholds GroupRelationship to Disponer Group Threshold from 8/4/2009 to 31/12/2009Group Threshold from 1/1/2010 to 7/12/2010Group Threshold from 8/12/2010 to 31/12/2010 Group Threshold from 1/1/2011 to 6/12/2011Group Threshold from 7/12/2011 to 5/12/2012 Group Threshold from 6/12/2012ASon/Daughter€434,000€414,799€332,084€332,084€250,000€225,000BParent*/Brother/Sister/
Niece/Nephew/Grandchild €43,400€41,481€33,208€33,208€33,500€30,150CRelationship other than Group A or B€21,700€20,740€16,604€16,604€16,750€15,075
*In certain circumstances a parent taking an inheritance from a child can qualify for Group A threshold.
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Group Thresholds Applicable for Capital Acquisitions Tax
For the purpose of Gift and Inheritance Tax, the relationship between the person who provided the gift or inheritance (i.e. the Disponer) and the person who received the gift or inheritance (i.e. the beneficiary), determines the maximum tax-free threshold - known as the "group threshold". The Group thresholds for 2012 and previous years are shown below.
Note: (Date of death or date of gift indicates the relevant year for the correct indexed amount).
Group Thresholds Applicable for Capital Acquisitions Tax YEAR
Group A
(Son/Daughter)
(after indexation)
Group B
(Parent*/Brother/Sister/Niece/
Nephew/Grandchild)
(after indexation)
Group C
(Relationship other that at A/B)
(after indexation)On or after 06/12/2012€225,000€30,150€15,07507/12/2011 - 05/12/2012€250,000€33,500€16,75001/01/2011 - 06/12/2011€332,084€33,208€16,60408/12/2010 - 31/12/2010€332,084€33,208€16,60401/01/2010 - 07/12/2010€414,799€41,481€20,74008/04/2009 - 31/12/2009€434,000€43,400€21,70001/01/2009 - 07/04/2009€542,544€54,254€27,1272008€521,208€52,121€26,0602007€496,824€49,682€24,8412006€478,155€47,815€23,9082005€466,725€46,673€23,3362004€456,438€45,644€22,8222003€441,198€44,120€22,0602002€422,148€42,215€21,1082001€402,253€40,225€20,1132000€380,921€38,092€19,0461999€244,932€32,658€16,3291998€239,219€31,896€15,9481997€235,600€31,413€15,7071996€231,791€30,905€15,4531995€226,267€30,169€15,0841994€220,934€29,458€14,7291993€218,078€29,077€14,5381992€211,221€28,163€14,0811991€204,936€27,325€13,6621990€198,079€26,411€13,2051984 to 1989€ 190,461€25,395€12,697
*In certain circumstances a parent taking an inheritance from a child can qualify for Group A threshold.