Dáil Éireann debate -
Wednesday, 26 Jan 1994

Vol. 437 No. 6

Written Answers. - Capital Gains Tax.

Ivan Yates

Question:

210 Mr. Yates asked the Minister for Finance the estimated cost of reducing the rate of capital gains tax on a tapering basis so that the 40 per cent rate would be reduced to 30 per cent for gains over two years, 20 per cent for gains over four years and 10 per cent for gains over six years.

Minister for Finance (Mr. B. Ahern)

On the basis of current levels of disposals, the full year cost to the Exchequer arising from the changes mentioned by the Deputy is estimated at £10 million to £12 million.