How do you determine inheritance tax in Ireland? In Ireland, inheritance tax is based on the value of assets inherited.
When you inherit assets after someone’s death, you might have to pay inheritance tax. Similarly, if you’re given a gift, it could be subject to gift tax.
Specific limits define how much you can inherit without any tax.
If your inheritance exceeds these limits, it falls under the Capital Acquisitions Tax (CAT).
Your tax-free threshold is influenced by your relationship to the giver, known as the disponer.
The recipient of the gift or asset is termed the beneficiary.