Capital Taxes

Capital taxes include capital gains tax (CGT) payable on the sale or transfer of an asset, capital acquisitions tax (CAT) which is payable on the receipt of a gift or inheritance, and stamp duty, which is payable on the purchase of assets.

In addition to assisting in filing the appropriate returns and advising on the payment of tax, our tax department can also provide advice on: 

  • Capital Gains Tax Entrepreneur relief - 10% reduced capital gains tax rate which applies to the disposal in whole or part of a business up to an overall limit of €1 million.

  • Capital Gains Tax Retirement relief - sale of your business assets or shares in your family company.  Individuals aged over 55 can avail of retirement relief and receive up to €750,000 or €500,000 for individuals aged over 66, tax-free on the sale of certain assets. 

  • Capital Acquisitions Tax relief - on the receipt of gifts or inheritances of shares in a family business.  Certain family business assets may qualify for business relief whereby the value is reduced by 90% when determining the amount subject to tax. A similar relief applies in the case of agricultural assets.   

  • Stamp duty – relief on the transfer of assets between companies, minimising tax on the transfer of assets to a company or on extracting assets from a company.

  • Capital Gains Tax – relief on transfer of assets between companies, minimising tax on the transfer of assets to a company or extracting assets from a company.

CAPITAL GAINS TAX 

  2017 2018
Tax rate 33% 33%
Entrepreneur relief (overall limit €1 million) 10% 10%
Annual exemption 1,270 1,270
Retirement relief limit 750,000 750,000
Individuals aged over 66 years 500,000 500,000
Payment dates for gains between...             
1 January and 30 November 15 December    15 December  
1 December to 31 December 31 January       31 January

 

CAPITAL ACQUISITIONS TAX (Gifts / Inheritances)

  2017 2018
Tax rate 33% 33%
Lifetime Threshold Exemptions... From 12/10/16 From 12/10/16
Group A (Parent to child) 310,000 310,000
Group B (Sibling/Niece/Nephew/Grandchild)        32,500 32,500
Group C (Others)   16,250 16,250
Annual small gift exemptions 3,000 3,000
Payment dates for gifts/inheritances between...    
1 January and 31 August  31 October 17  31 October 18
1 September and 31 December 31 October 18 31 October 19