I understand about the 80%, before you are required to make a CAT return.
But on Form 12 it says
CAPITAL ACQUISITIONS IN 2016 77 - If you received a gift or an inheritance in 2016, insert X in the box(es)
Note: Where the value of a gift or an inheritance, when added to the value of prior aggregable benefits (if any) received on or after 5 December 1991 within the same group, exceeds 80% of the relevant threshold, a Capital Acquisitions Tax return must be made.
I am curious as to why Revenue want you to tick this box, even though you might only be at 10% of your threshold?
Also, should you tick this box if you got 2,000 say, which is within the Small gifts limit?