Revenue’s CAT Manual has been updated to reflect:
- An updated example of the CAT due where a gift or inheritance is received “free of tax”
- Statement of Practice material in relation to CAT and political donations
- Finance Act 2017 amendments in relation to children over 21 who receive an inheritance from certain types of pension funds
Read about the general updates to the CAT Manual, here
The chapter on the Dwelling House Exemption has also been updated to reflect Finance Act 2017 amendments in relation to dependent relatives. These are:
- there is no requirement for the dwelling house to have been the principal private residence of the disponer at the date of his or her death
- a gift of a dwelling house that would usually be treated as an inheritance where a disponer dies within two years of making the gift can qualify for the exemption
Read about the Dwelling House Exemption amendments, here
