New Capital Acquisitions Tax manuals published

Revenue has restructured its guidance on Capital Acquisitions Tax (CAT) and has published two new manuals, the CAT Administration Manual and the CAT Manual which replace the existing guidance. Apart from minor changes, the contents in both manuals have been taken directly from pre-existing guidance.

Revenue has confirmed that links to the documents in the manuals will be updated over the coming weeks and a table has been provided which lists the titles of the documents in the new CAT manual and indicates the source of the guidance contained in each document.

The new CAT Administration Manual contains the following details:

• CAT Part 01 - Introduction to Capital Acquisitions Tax
• CAT Part 02 - Statement of Affairs (Probate) Form SA.2
• CAT Part 03 - The Self-Assessment Tax Return (Form IT38)
• CAT Part 04 - Certificates of Discharge
• Guide to Capital Acquisitions Tax Compliance Intervention

The new CAT Manual covers the following topics:

• Part 02 - Gift Tax
• Part 03 - Inheritance Tax
• Part 04 - Value of Property for Tax
• Part 05 - Provisions relating to Gifts and Inheritances
• Part 06 - Returns and Assessments
• Part 07 - Payment and Recovery of Tax, Interest and Penalties
• Part 09 - Exemptions
• Part 10 - Reliefs
• Schedules