asked the Minister for Finance (1) the number of assessments; (2) the taxable value of acquisitions; and (3) the net receipt of taxation (each classified according to the tables of rates of tax reproduced in the Revenue Commissioners Reports) in respect of gift and inheritance taxes in 1981 and 1982.
Written Answers. - Inheritance Tax.
597.
The information requested is set out hereunder in the form of tablular statements relating to assessments of capital acquisitions tax, which were paid in the relevant years ending 31 December.
(1) The number of assessments
Gift Tax
|
Year ended 31 December |
1981 |
1982 |
|
Table I |
6 |
18 |
|
Table II |
13 |
44 |
|
Table III |
79 |
96 |
|
Table IV |
32 |
55 |
|
Total |
130 |
213 |
Inheritance Tax
|
Year ended 31 December |
1981 |
1982 |
|
Table I |
54 |
80 |
|
Table II |
40 |
53 |
|
Table III |
1,173 |
1,484 |
|
Table IV |
571 |
689 |
|
Total |
1,838 |
2,306 |
(2) The taxable value of acquisitions
Gift Tax
|
Year ended 31 December |
1981 |
1982 |
|
£ |
£ |
|
|
Table I |
670,791 |
1,679,008 |
|
Table II |
306,291 |
1,179,617 |
|
Table III |
1,741,382 |
2,123,840 |
|
Table IV |
410,825 |
813,350 |
|
Total |
3,129,289 |
5,795,815 |
Inheritance Tax
|
Year ended 31 December |
1981 |
1982 |
|
£ |
£ |
|
|
Table I |
7,974,308 |
12,146,356 |
|
Table II |
1,199,391 |
2,106,837 |
|
Table III |
33,169,533 |
40,519,320 |
|
Table IV |
9,509,962 |
12,140,027 |
|
Total |
51,853,194 |
66,912,540 |
(3) The net receipt of taxation*
Year ended 31 December, 1981
|
Gift Tax |
Inheritance Tax |
Total |
|
|
£ |
£ |
£ |
|
|
Table I |
40,055 |
1,001,997 |
1,042,052 |
|
Table II |
12,037 |
65,068 |
77,105 |
|
Table III |
102,775 |
4,127,944 |
4,230,719 |
|
Table IV |
39,200 |
1,779,419 |
1,818,619 |
|
Total |
194,067 |
6,974,428 |
7,168,495 |
Year ended 31 December, 1982
|
Gift Tax |
Inheritance Tax |
Total |
|
|
£ |
£ |
£ |
|
|
Table I |
280,177 |
1,163,792 |
1,443,969 |
|
Table II |
45,498 |
121,152 |
166,650 |
|
Table III |
119,082 |
4,904,722 |
5,023,804 |
|
Table IV |
116,314 |
2,494,185 |
2,610,499 |
|
Total |
561,071 |
8,683,851 |
9,244,922 |
* i.e. Net tax paid in respect of the assessments.
The actual net receipts, which include payments on account, are as follows:
|
Year ended 31 December |
Gift Tax |
Inheritance Tax |
Total |
|
£m. |
£m. |
£m. |
|
|
1981 |
.19 |
8.97 |
9.16 |
|
1982 |
.55 |
11.21 |
11.76 |