Capital Acquisitions Tax (CAT) & Capital Gains Tax (CGT)
- No amendments were introduced to the current CAT & CGT rates of 25%.
- The current CAT thresholds will be reduced by 20% in respect of gifts or inheritances taken on or after 8 December 2010.
- The Four Year Plan indicated a change in the CAT & CGT 25% rates to a system with different rates for different levels of asset values in 2012. No additional information on these proposals were set out in the Budget speech.