Once you have determined which group applies to you, the relevant tax implications are clear. If
you are in Group A you will have a threshold of €335,000 before tax is due. If you are in Group B the threshold since 2019 is €32,500. Group C threshold is €16,250
How much does a child get tax free?
For the purposes of this article we are interested in Group A tax implications. Group A receives a Capital Tax threshold of €335,000. Anything above this threshold is taxed at 33%. So, if a property is valued at €500,000 at the time of transfer, the child of the disponer will be liable for Capital Acquisition Tax of 33% on the value above the threshold: €165,000.