Martin O’Sullivan: Insuring against a tax shock on inheritance

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In my early years of practice, when the capital tax relief was not as generous as it is today, I frequently encountered instances where substantial obligations vis-à-vis capital acquisition tax (CAT) occurred.

Some of our more experienced readers will remember the days of “inheritance tax”, which decimated many family farms.

Fortunately, these days, gift or inheritance tax can be avoided with good planning in the vast majority of cases. but not in all cases.

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