What is Capital Acquisitions Tax (CAT) primarily concerned with?

Capital Acquisitions Tax (CAT) is primarily concerned with taxation related to the transfer of wealth through inheritances and gifts. This tax is applicable when individuals receive significant assets or property as a result of someone passing away (inheritance) or when assets are given to them as gifts during someone's lifetime.

The rate and amount of CAT can vary based on the relationship between the giver and the receiver, as well as the value of the assets involved. Understanding CAT is important for individuals planning estates or considering significant gift transactions, as it directly impacts how much tax they might owe when acquiring property or assets in this manner.

In contrast, the other options pertain to different forms of taxation, such as taxes on income, property sales, or business profits, which do not fall under the specific purview of Capital Acquisitions Tax.