A tax called the Capital Acquisitions Tax is levied on inheritances in Ireland. The beneficiary is liable to pay the tax. Inheritances between spouses are tax-exempt. In the case of real estate property, the tax may be paid by installments over a period of 5 years; however, interest charges will be applied.

Capital Acquisitions Tax is imposed at a flat rate of 20%. A threshold amount that is exempt from tax is provided for beneficiaries, with the threshold amount varying depending on the relationship between the deceased and the beneficiary.