Inheritance Tax (CAT) Ireland — Cork Estate Planning

Capital Acquisitions Tax (CAT) is the Irish inheritance tax. Understanding CAT thresholds and planning your estate carefully can significantly reduce the tax burden on your beneficiaries. Hugh Phelan Solicitor advises Cork clients on estate planning and CAT.

CAT Thresholds 2026

CAT is charged at 33% on the value of inheritances above the relevant threshold. Thresholds are cumulative over a person's lifetime.

Key CAT Exemptions & Reliefs

• Dwelling House Exemption: A principal private residence may be inherited tax-free by a child who has lived there for 3 years
• Agricultural Relief: Up to 90% reduction for agricultural property inherited by a "farmer"
• Business Relief: Up to 90% reduction for qualifying business assets
• Small Gift Exemption: €3,000 per year per giver tax-free
• Spouse/Civil Partner: Inheritances between spouses are always tax-free