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PROTECTING YOUR LEGACY
Inheritance tax
and estate planning
Inheriting assets is rarely just a financial event. It often comes at a difficult personal time, when important tax decisions need to be made quickly and correctly.
Whether you inherit property, farmland, a business or cash, the Irish inheritance tax rules are complex and unforgiving. We help you navigate these rules with clarity and care.
Clarity and care when you need it most.
Capital Acquisitions Tax
Understanding and planning for CAT on gifts and inheritances above threshold limits.
Gift Tax Planning
Strategic use of annual exemptions and lifetime gifts to reduce future tax liabilities.
Dwelling House Exemption
Protecting the family home from inheritance tax through careful planning.
Agricultural Relief
Maximising relief for farming families to preserve land and livelihoods.
Our Expertise
Protecting the Value of What You've Been Left
We give you confidence in the decisions you make, ensuring inherited assets pass with minimal tax leakage.
Understandably Jimmy felt the tax treatment of these properties and the family farm was complex and unforgiving.
The rules around Agricultural Relief have strict conditions, and rental properties rarely qualify for business-related reliefs. The deadline pressure added to an already stressful time.
The Challenge
The Outcome
We worked with Jimmy to protect the value of his family's assets and arranged his affairs to ensure he could take his inheritance with minimal tax leakage.
Agricultural Relief secured for the family farm
Clear strategy for managing rental property tax
No forced asset sales required
All deadlines met with proper documentation
The Situation
Jimmy recently lost a parent. Alongside his own personal grief he's faced a set of unfamiliar and urgent tax questions. He inherited a portfolio of rental properties and the family farm, assets that have taken decades to build.
Jimmy's Questions to Us:
Will I have to sell assets to fund the inheritance tax bill?
Can Agricultural Relief apply to the farm, and do I
meet the conditions to retain it?
How soon do I need to act, and what happens if I get this wrong?
She was unsure how her return would impact her tax residency, exposure to Irish income tax, Capital Gains Tax and future inheritance tax planning.
Do the rental properties qualify for any reliefs, or will full Capital Acquisitions Tax apply?
What are my ongoing income tax obligations now that I own these assets?
Case Study
Navigating Inheritance During Difficult Times
Tax Releifs & Exemtions
Understanding the Irish CAT Reliefs
Capital Acquisitions Tax is charged at 33% on amounts above certain thresholds.
Understanding available reliefs is essential to protecting inherited wealth.
Group Thresholds
Tax-free thresholds depend on your relationship to the deceased. Group A (children) currently has the highest threshold, with Groups B and C applying to other relatives and non-relatives.
Small Gift Exemption
The first €3,000 received from any person in any year is exempt. This annual exemption can be used strategically over time to transfer significant wealth tax-free.
Agricultural Relief
A 90% reduction in market value for qualifying agricultural property. Conditions include active farming requirements and minimum ownership periods.
Business Relief
Similar to Agricultural Relief, this provides a 90% reduction for qualifying business assets. Strict conditions apply regarding the nature of the business.
Dwelling House Exemption
Complete exemption for the family home where the beneficiary has lived in the property for three years prior to inheritance and has no other residential property.
Favourite Nephew/Niece Relief
A nephew or niece who has worked in the family business for at least five years may qualify for the higher Group A threshold instead of Group B.
Our Process
How We Support You
When dealing with the loss of a loved one, the last thing you need is tax complexity.
We handle the technical aspects with care and precision.
Immediate Review
We assess the inherited assets, their values, and applicable thresholds.
1.
Relief Analysis
Detailed review of all available reliefs and exemptions that may apply.
2.
Tax Calculation
Accurate calculation of CAT liability with clear explanation of how figures are derived.
3.
Payment Planning
Strategies to fund any tax liability without forced asset sales where possible.
4.
Filing & Compliance
Preparation and submission of all required returns within statutory deadlines.
