Mary O'Rourke
Question:44 Mrs. O'Rourke asked the Minister for Finance the cost to go from 90 per cent capital acquisitions tax rollover relief, as was introduced in the 1997 budget, to 100 per cent rollover relief. [5851/97]
Written Answers. - Tax Reliefs.
I am informed by the Revenue Commissioners that the cost of increasing the 90 per cent agricultural and business relief to 100 per cent would be of the order of £0.3 million in a full year. This cost estimate is based on the latest information available for the level of transfers which have taken place. Such as estimate does not take into account the increase in the level of transfers which would be involved if there was 100 per cent relief and therefore the cost in revenue foregone could in fact be more substantial.