I am informed by the Revenue Commissioners that the amount of capital acquisitions tax payable on a gift is a function of the value of the property gifted, the aggregation, where relevant, of prior benefits taken by the beneficiary and the relationship of the disponer to the beneficiary. In the absence of full details of prior benefits and of the value of the property in question, it is not possible to state the actual liability, if any, which might arise.
The current threshold for purposes of a benefit taken from a stranger is £11,090. Where this threshold is exceeded, the following rates of capital acquisitions tax apply to the excess: