CAT threshold of Group C

Info_Seeker

Hi Folks,

The CAT threshold of Group C gifts i.e. €16,250 is per calendar year or lifetime?

Thanks!

nompere

https://www.boards.ie/discussion/2058312239/cat-threshold-of-group-c

Lifetime.

Info_Seeker

https://www.boards.ie/discussion/comment/121067738#Comment_121067738

Posted it on a FB group as well. There it is a consensus that it is per year. Really confused :|

nompere

https://www.boards.ie/discussion/comment/121067833#Comment_121067833

Just because 99 people say one thing while only one person disagrees doesn't mean that the consensus is right.

Info_Seeker

https://www.boards.ie/discussion/comment/121068104#Comment_121068104

Agree! Let's also hear from other members on this forum.

StevenToast

It is 100% Lifetime.

Close thread.

Princess Calla

You get a 3,000 per year gift exemption.

Probably where confusion is entering into it.

The thresholds themselves are lifetime.

Beasty

See here

https://www.revenue.ie/en/gains-gifts-and-inheritance/cat-thresholds-rates-and-aggregation-rules/cat-groups-thresholds.aspx

It is definitely lifetime

Info_Seeker

https://www.boards.ie/discussion/comment/121068807#Comment_121068807

Thanks

Info_Seeker

https://www.boards.ie/discussion/comment/121068814#Comment_121068814

Thanks

SureYWouldntYa

It's definitely lifetime

It's also per beneficiary and not an allowance from each disponer

I've had a friend tell me he's looking forward to getting €32,500 tax free from all his single aunts, no amount of convincing could tell him otherwise

downtheroad

https://www.boards.ie/discussion/comment/121068145#Comment_121068145

Lifetime. End of debate