Inheritance Tax - Maintenance and Support


New Revenue guide on CAT and payments for support, maintenance or education

Revenue has published a guide on the changes to Section 82 CATCA 2003 (payments for support, maintenance or education of a child by a parent or a person acting in loco parentis). Following the Finance Act changes the CAT exemption is only available if a child is a minor, or no more than 25 and in full-time education, or permanently incapacitated. Revenue provides examples of the types of benefits it considers are and are not exempt from CAT under Section 82.

Examples of non-exempt benefits include: purchase of a house for a child, gift of a house deposit, free use of a house (unless under 25 and in university), monetary gifts.

Examples of exempt benefits include: "bed and board" in the family home, cost of a family function such as a wedding, college costs e.g. tuition fees, transport costs, pocket money.

Read the guide here.

If you would like more information on this please contact us directly and one of our accountancy team will be happy to help

Back To Top

GMN International

GMN International is an association of independent accounting and business advisory firms. Each firm is a separate and independent legal entity and as such has no liability for the acts or omissions of any other member firm.

GMN International is an association and does not fall within the definition of “network” under the International Federation of Accountants (IFAC) Code of Ethics, Section 290 and the European Union Statutory Audit (revised 8th Company Law) Directive. As such, GMN International provides no services to clients and has no liability for the acts or omission of any member firm.

Proceed to GMN Website