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INHERITANCE TAX/GIFT TAX
WHAT IS CAPITAL ACQUISITION TAX? Capital Acquisition Tax (CAT) is a tax that may be payable on a gift or inheritance. WHAT DOES CAPITAL ACQUISITION TAX APPLY TO? CAT applies to all property which is located in the Republic of Ireland. This includes real property such as land and house and personal property such as money, shares, furniture and effects. It also applies where the property is not located in Ireland but either the donor or the donee of the property are resident