Revenue has updated the Capital Acquisitions Tax (CAT) Manual which provides an overview of the various exemptions from CAT.
The updated guidance includes:
- Clarification that the small gift exemption may apply where a gift becomes an inheritance by reason of the death of the disponer within 2 years of the date of the gift.
- Amendment regarding the exemption for certain policies of insurance to follow the structure of the legislation.
- Further details on the qualifying conditions for the exemption of certain securities
Further information is available in eBrief No.047/24.
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