Loading
Tax guide / introduction
Capital Acquisitions Tax at 33% applies to gifts and inheritances above your lifetime tax-free threshold, which depends on your relationship to the person giving: Group A (child from parent) 400,000 euro, Group B (close relatives) 40,000 euro, Group C (others) 20,000 euro for benefits taken from 2 October 2024. The first 3,000 euro of gifts from any one person each year is exempt.
Introductory hub
Written by PAYEWise editorial team, plain-English tax writers working from Revenue sources. Tax review: pending appointment of a named tax-qualified reviewer. Reviewed 28 October 2026.
The person receiving the gift or inheritance, where the total from that group exceeds the threshold.
Return and payment by 31 October where the valuation date falls between 1 September of the previous year and 31 August.
Form IT38 on ROS or myAccount once you exceed 80% of a threshold.
Agricultural or business relief, foreign assets, trusts and benefits taken before the current thresholds. This page is an introduction and will be expanded after specialist review.
Need a person, not a page?
These taxes have thresholds, reliefs and filing dates where a mistake is expensive. A partner accountant can look at your facts and quote a fixed fee.
Ask an accountant (no obligation; the free myAccount route always comes first)
Last reviewed 2026-10-28 (awaiting sign-off by a named tax-qualified reviewer). Every factual tax rule on this page is backed by a dated Revenue source. Spotted an error? Use the contact page.