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VAT, CAT & Stamp Duty

VAT

There have been no changes to VAT rates.

Capital Acquisitions Tax

There has been no change to the 33% CAT rate.  However, the Group A CAT tax free threshold has been increased from €225,000 to €280,000 with effect from 14th October 2015 therefore benefitting gifts or inheritances being received by children from their parents.  There have been no changes to the CAT Group B and C thresholds which remain at €30,150 and €15,075 respectively.

Stamp Duty

There have been no changes to general stamp duty rates.

The above is intended as a general guide to the measures announced in Budget 2016.  It is possible that the measures described above may be modified and may be subject to change in the Finance Bill.  No action should be taken on the basis of the above without obtaining professional taxation advice.

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