asked the Minister for Finance what is the relative scale of taxation on property, and incomes derived from it, expressed as a proportion of the gross national product in each of the years 1950, 1960, 1965 and 1967.
Ceisteann—Questions. Oral Answers. - Taxation on Property.
8.
It has been assumed that the references to taxation on property and incomes derived from it may be interpreted as meaning, respectively, death duties on all forms of property and income tax charged under Schedule A on income derived from the ownership of lands and buildings.
The net receipt of death duties expressed as a percentage of gross national product at market prices is 0.6 per cent for 1950 and 0.5 per cent for each of the three succeeding years mentioned in the question.
The corresponding figures as respects the net produce of income tax charged under Schedule A are 0.3 per cent for 1950 and 0.2 per cent for 1960. Figures for the two later years mentioned are not available as, with the introduction of the system of "one taxpayer, one charge" for 1963-64 and subsequent years, a single assessment is made on the taxpayer in respect of the tax due on his total income and accordingly the tax referable to particular Schedules does not emerge.