What are the capital acquisitions tax rates?
Gift and inheritances: If you receive a gift or inheritance, you are liable at 33% on the balance in excess of the threshold amount. The group threshold depends on your relationship with the donor (or deceased where you inherit property):
(a) €320,000 (Group 1), where your relationship to the disponer is: son or daughter, minor child of a predeceased son or daughter, parent (in the case of a non-limited interest taken on the death of a child). Child includes a foster child and an adopted child.
(b) €32,500 (Group 2), where your relationship to the disponer is: lineal ancestor, lineal descendant (not within (a)), brother or sister, nephew or niece.
(c) €16,250 (Group 3), where your relationship to the disponer is: cousin or stranger.
Asset passing into a discretionary trust, are subject to a once-off 6% tax, and their value is subject to a 1% tax annually thereafter.