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Dáil Éireann debate -
Tuesday, 24 Jun 1980

Vol. 322 No. 9

Written Answers. - Taxation of Heritage Property.

78.

asked the Minister for Finance if he intends to implement the remaining proposals submitted to him by An Taisce relating to the taxation of heritage properties and great houses.

There were 27 proposals concerning taxation in the An Taisce report mentioned. There were considerable changes made in the capital taxation code in 1978 which in regard to 17 of these proposals either gave the relief sought or else rendered the implementation of the proposals unnecessary. These changes were the abolition of wealth tax for valuation dates occurring on or after 5 April 1978, the substantial reliefs introduced in capital gains tax and the provision of a specific exemption from capital acquisitions tax for heritage property, in relation to which incidentally no case has yet come before the Revenue Commissioners. As regards the other ten proposals, the introduction of legislative measures to implement them is not considered necessary or appropriate in view of the issues involved.

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