The most useful exemptions and reliefs in relation to the acquisition of capital-through a gift or a benefit in a will-include Learn more about capital acquisitions tax here.
Tag: capital acquisitions tax
Capital acquisitions tax and the valuable business relief
I wrote yesterday about agricultural relief and the utility of this relief to allow a parent pass significant wealth to a child with stunning tax efficiency. Another valuable relief is business relief. Business relief can provide a 90% reduction in the value of the business being transferred to beneficiaries. Some types of business are excluded-for… Continue reading Capital acquisitions tax and the valuable business relief
How to give wealth to your children in the most tax efficient way
If you want to give your child €1,000,000 and you give him/her cash he/she will pay tax on the gift or benefit in a will at a rate of 33%. Your child will have a tax free threshold of €335,000, therefore will be taxed on the excess of €665,000. The same capital acquisitions tax/gift tax… Continue reading How to give wealth to your children in the most tax efficient way