Tag Archives: tax

People who are incacitated and elderly, have to pay market rent benefit in kind to Revenue on market value of property made available to them to live in. Is this equitable? Otherwise, they would most likely have to live in care home provided by State. Would appreciate feedback on this; it must apply to a number of people?

It is instead a Capital Acquisitions Tax (CAT) charge under section 40 of the Capital Acquisitions Tax Consolidation Act 2003 (CATCA 2003) on the annual “benefit” of free (or below-market) use of property held in a trust. revenue.ie +1 Why … Continue reading

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