Inheritance Planning is complex
Your situation is unique. Let our experts find the right inheritance plan for you.
We'll help you to maximise the wealth you pass on, by reducing the tax bill on the money you leave behind.
Your situation is unique. Let our experts find the right inheritance plan for you.
We'll explore exemptions to reduce your tax liability.
We build a clear picture of your inheritance situation
If you are a member of our Tax Return Service, you have access to our Online Will Service, which allows you to create your Will online quickly and easily.
Cornmarket's Tax Return Service is not a regulated financial product and is provided by Cornmarket Retail Trading Ltd. which is a wholly owned subsidiary of Cornmarket Group Financial Services Ltd.
Our Inheritance Planning Service is designed to help you put everything in place now, so your gift to your loved ones has the greatest value. Not planning now can affect those you leave behind, as they may lose part of their inheritance to Revenue. The tax your beneficiaries will owe depends mainly on these factors:
Tax thresholds for inheritance differ based on relationships to the deceased – for example your child, spouse or sibling
The inheritance value determines the amount of tax owed. We can help you reduce this bill.
Previous gifts or inheritances received can reduce the amount remaining under the threshold for the recipient.
What are the thresholds and CAT tax rate?
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Ireland has one of the world's hightest rates of Capital Acquisitions Tax (CAT) in the world
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Changes in Inheritance Tax rules commenced in 2009, but it is only now that people are starting to realise the impact this is...
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There are options available to you such as:
Our experts will help you find the best choice for you. To book an appointment, call 01 420 0978.
Having a will in place ensures your estate is passed to your loved ones as you intend. It can also be designed to limit any inheritance tax implications. This can give clarity and peace of mind to your loved ones.
Yes. Capital Acquisitions Tax (CAT) thresholds differ according to the relationship between the person leaving the inheritance and the recipient.
For example:
· Spouses are exempt from CAT
· A son or daughter can get €400,000 tax-free
· A parent (on taking a gift, or limited interest), brother, sister, niece, nephew or grandchild can get €40,000 tax-free.
Figures correct as of October 2024.