Sections 90 to 102A of the Capital Acquisitions Tax (CAT) Consolidation Act 2003 provide for CAT relief in respect of gifts or inheritances of business assets. Revenue has updated the Tax and Duty Manual which provides
guidance on the operation of this relief to reflect changes introduced in Finance (No.2) Act 2023. With effect from I January 2024 the clawback period will commence from the valuation date rather than the date of the gift/inheritance (paragraph 12.7).
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