Capital tax measures

Oct 09, 2018

With no enhancements to entrepreneurs’ relief, no significant changes to either capital acquisitions tax (CAT) or capital gains tax rates and a very modest increase in the Group A tax free thresholds for CAT, capital taxes were largely untouched in the Budget 2019 announcements.

Capital acquisitions tax

The Group A tax free threshold which applies primarily to gifts and inheritances from parents to their children increased by €10,000 to €320,000 and applies in respect of gifts or inheritances received on or after the 10th of October. This move is expected to cost the Exchequer €6.9 million in 2019.

The Group B threshold of €32,500 and the Group C threshold of €16,250 remain the same.