Money Talks: How can I leave my children money without them paying too much tax?

Carol Brick of Hermoney.ie answers a reader's question on Capital Acquisitions Tax.

Money Talks: My husband and I are considering how best to distribute our accumulated wealth between our two adult children.

My husband and I are in our late fifties and beginning to consider how best to distribute our accumulated wealth between our two adult children. We have total assets worth approximately €950K and worried about the impact of Capital Acquisitions Tax. Have you any advice?

I am happy that you are already forward planning in terms of the distribution of your estate. Too many parents do not consider the possible taxes that might arise for their children on receipt of inherited assets.