The Personal Succession Planning Guide provides an overview of personal succession planning, focusing on the implications of Capital Acquisitions Tax (CAT) in Ireland for gifts and inheritances. It highlights the importance of planning to minimise tax liabilities, ensure the smooth transfer of assets, and avoid disputes.
The guide also explains CAT rates, thresholds, and various reliefs or exemptions, such as the Small Gifts Exemption, Spouse or Civil Partner Exemption, Family Home Exemption, and life insurance policies.
The Personal Succession Planning Guide emphasises the need for professional accountancy and tax advice while outlining the role of Financial Brokers in facilitating discussions and raising awareness about succession planning strategies.
Please clink on link for Personal Succession Planning Guide