Capital acquisitions tax reliefs/exemptions

The most useful exemptions and reliefs in relation to the acquisition of capital-through a gift or a benefit in a will-include

  1. A section 72 policy-this policy is a life insurance policy which will provide a cash payment on the death of the insured person to allow the beneficiaries pay any tax bill that may arise
  2. Spousal/civil partner exemption
  3. Small gift exemption
  4. Dwelling house relief
  5. Agricultural relief
  6. Business relief
  7. Favourite niece/nephew relief

Learn more about capital acquisitions tax here.