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Capital Acquisitions Tax
With the increase in Property Prices Capital Acquisitions Tax or Inheritance Tax has become relevant for an increasing number of people.
The Revenue allow amounts to be transferred on death to family members and non-relatives free of tax up to certain limits. Above these limits an Inheritance Tax of 20% can be applied.
This Tax can be quite substantial. These days Property tends to be the larger asset that is being passed onto relatives on death. In some instances the Property may have to be disposed of in order to meet the tax bill.
We can help provide a lump sum that would reduce this potential tax bill through what is known as a Section 60 inheritance plan.
