This tax is payable on gifts and inheritances. CAT is important for the transfer of assets to the next generation. It is the main tax that will impact on the passing of wealth. The type of relationship between the disponer (person granting the gift/inheritance) and the beneficiary (person receiving the gift/inheritance), will determine the lifetime tax free threshold a beneficiary can receive before being liable to tax on the excess.

Succession Planning: Inheritance tax & gift tax planning

Planning for the tax efficient transfer of assets between family members