The capital acquisition tax group A threshold been increased from €320,000 to €335,000 with effect from on or after 9 October 2019 as part of the Budget 2020 changes announced this week. This lifetime limit broadly applies to any gifts or inheritances from a parent to a child (including a step-child and an adopted child).
There was no change to any of the other group?thresholds which apply to gifts or inheritances between persons in other categories of relationship.
The small gift exemption of €3,000 per year also remains unchanged by the recent budget.