All Finance Tax are your trustworthy capital (CAT) acquisitions tax inheritance & gift tax experts in Cork, Ireland
Here at All Finance Tax, we understand that every person is different and our personalised services are tailored to your individual circumstances. Our advice is always based on a thorough understanding of your needs and with our Capital (CAT) Acquisitions services for inheritance and gifts in Ireland. With our experienced advisors and accountants, we can assist Irish and non-Irish beneficiaries for a range of returns and advice in light of your individual needs so that liability is comprehensively assessed.
CAT is a tax on gifts and inheritances in Ireland. You may receive gifts and inheritances up to a set value over your lifetime before having to pay CAT. Once due, it is charged at the current rate of 33% (valid from 6 December 2012).
The best and safest course of action is to seek professional advice before making a will or transferring a gift to a loved one. At All Finance Tax, we will advise you on how to structure your assets in the most tax-efficient way when it comes to Capital (Cat) Acquisitions tax, inheritance tax, IT38 returns and gift tax returns in Ireland.
All Finance Tax are experienced tax consultants who specialise in wealth and asset management. With specialist advice and insights, we will help you plan and protect your finances for minimal tax leakage in Ireland and abroad.
Advicing you about inheritance tax in Ireland
Inheritance tax in Ireland is often called a voluntary tax in that, with planning, the payment of inheritance can be avoided. It is a tax levied on a person’s estate when they die and on certain gifts made during an individual’s lifetime.
Calculating your inheritance tax liability will be dependent on what threshold you fall under. There are currently three different threshold groups for inheritance tax in Ireland.
It is also worth noting that a spouse or civil partner is exempt from Capital Acquisitions Tax (CAT) in Ireland.
Group A | Son/Daughter – €335,000
Group A applies to the son or daughter of the person giving the gift or inheritance. This also includes an adopted child, a step-child, and certain foster children. Parents also fall within this threshold where they take an inheritance of an absolute interest from a child.
Group B | Brother/Sister/Niece – €32,500
Group B applies where the beneficiary is a brother, sister, niece, nephew, grandparent, grandchild, lineal ancestor, or lineal descendant of the disponer.
Group C | Other – €16,250
Group C threshold will apply in all other cases.
We review all details of your inheritance or gift to address tax circumstances effectively
At All Finance Tax, our CAT Inheritance and Gift Tax returns service provides IT38 returns and advice for a range of clients. We can advise on inheritance and gift tax returns for both Irish beneficiaries of Irish and Foreign Estates and Foreign Beneficiaries or Irish Estates. Services for capital acquisitions tax cover the full consultation around the inheritance or gift and CAT IT38 returns, and we will help answer your questions while addressing any concerns you have about gift and inheritance tax in Ireland. For Gift and CAT Inheritance Returns, our services have a starting fee of €350 depending on complications.
Expert guidance for wealth management for business & personal assets
To ensure all aspects of your personal finances are covered, our wealth, asset and investment management advice is designed to help you before you take any formal steps to pass on your wealth. Our team works with every client to design a wealth management plan that is comprehensively tax-efficient so your loved one benefits from their gift or inheritance without stress.
When we discuss wealth and asset management with you, whether you’re here in Ireland or living and working internationally, your specific needs are integrated into the plan for structuring your wealth and protecting your interests. On a video or phone conference, we will review all aspects of your assets with our advisor providing thorough insights into the next steps for your financial management to plan for the short-term and long-term.
All Finance Tax are your gift & capital inheritance IT38 returns experts in Ireland
If you’re looking for expert advice about IT38 returns, an inheritance or gift that is welcoming and accurate in Ireland, the All Finance team is here to help with all aspects of your capital acquisitions and gift tax needs. Call us on +353 (0) 87-6593306 or email info@allfinancetax.com for more information.
