eBrief No. 217/20 – Capital Acquisitions Tax – valuation date, contingent events and qualifying expenses of incapacitated persons

Revenue eBrief No. 217/20

The Capital Acquisitions Tax Manual has been amended as follows:

A new paragraph 8.2.2 has been added to Part 8 to provide guidance on determining the valuation date where a benefit transfers on a death but not as part of the administration of an estate (section 30).
Explanatory material has been added to Part 16 as context for the example given in relation to the revision of a CAT liability following the occurrence of a contingent event (section 29).
Paragraph 22.2 in Part 22 has been updated to clarify Revenue’s position following an Appeal Commissioner’s determination in relation to the treatment of qualifying expenses of incapacitated persons (section 84).