On 12 October 2026, the Irish Revenue Commissioners published eBrief No. 149/26, announcing an update to the Capital Acquisitions Tax (CAT) Manual, specifically Schedule 2: Computation of Tax, Part 1 – Preliminary. This update provides revised guidance for tax professionals on the computation of CAT liabilities, reflecting recent legislative changes and administrative practices. The manual is a key reference for practitioners handling gifts and inheritances.
Key Takeaways
- Updated Computation Guidance: The preliminary section of the CAT computation manual has been revised to align with current legislation and Revenue practice, ensuring accurate tax calculations for beneficiaries.
- Practitioner Impact: Tax advisors must review the updated manual to ensure compliance when filing CAT returns and advising clients on gift and inheritance tax planning.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement