AITI Chartered Tax Adviser

How is CAT calculated?

The CAT computation takes the following format:
Market value;
Less: liabilities, costs and expenses;
= Incumbrance-free value;
Multiplied by limited interest factor, if appropriate;
Less consideration paid by acquirer in money or money’s worth;
= Taxable value;
Less: Agricultural relief or business relief if applicable;
Less: small gift exemption, if applicable;
Less: Threshold amount €310,000 or €32,500 or €16,250;
Balance subject to tax at 33%.