Firstly, sorry about your dad's illness. It must be a difficult time for you both. Regarding your query, the Group A Threshold (parent to child) is €521,208 for 2008. Bear in mind that covers ALL gifts/inheritances from parents. If this is your first gift, then the previous post above is correct, no Capital Acquisitions Tax ( CAT ) is due. If other gifts/inheritances come or have already come from a parent which in aggregate take you over the threshold amount then CAT at 20% falls due on the excess.