Section 72 policy Ireland is often hailed as a valuable tool for estate planning. Formally known as Section 60 insurance in Ireland, Section 72 is an approved, whole-of-life policy, the proceeds of which are tax-free if used to pay an inheritance tax bill. A section 72 policy Ireland gives you the opportunity to plan for the payment of inheritance tax in Ireland efficiently and in advance. Specifically enacted with the sole purpose of paying Capital Acquisition Tax (CAT), they are considered the cornerstone of estate planning.
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