asked the Minister for Finance the levels at which capital acquisitions tax would be paid if adjusted for inflation since 1975.
Written Answers. - Capital Acquisition Tax.
490.
The levels or thresholds at which capital acquisitions tax became payable in 1975 under the four tables of rates of tax were £150,000, £15,000, £10,000 and £5,000 respectively. If adjustments were made in those levels on the basis of the change in the Consumer Price Index between April 1975 and November 1979, increases of approximately 75 per cent would fall to be made resulting in thresholds of £260,000, £26,000, £17,500 and £8,750 respectively. The £100,000 upper limit for agricultural relief would, on the same basis, be increased to £175,000.