Dáil Éireann Debate, Tuesday - 23 October 2012
189. Deputy Brendan Griffin asked the Minister for Finance the amount of depreciation related tax allowances claimed by the corporate sector for the five most recent years for which these figures are available; and if he will make a statement on the matter. [46389/12]
View answerI am informed by the Revenue Commissioners that the available information is the estimated cost of all capital allowances claimed by companies on the corporation tax returns for the tax years 2006 to 2010, the latest year for which the necessary detailed information is available. Figures of these costs are as set out in the following table. The cost shown for each year is based on the cost of tax relief allowed in the specified tax year and does not include the cost for capital allowances which cannot be absorbed in the first year of claim because of insufficient profits but are carried forward as losses into future years. The costs relate to claims for expenditure on plant and machinery, industrial buildings, rental properties and other miscellaneous capital allowances.
|
Tax Year |
Estimated Tax Cost of Corporate Capital Allowances |
|
2006 |
€1,240m |
|
2007 |
€1,155m |
|
2008 |
€1,183m |
|
2009 |
€1,277m |
|
2010 |
€1,557m |
