Wednesday, 10 July 2013

Questions (90)

Stephen Donnelly

Question:

90. Deputy Stephen S. Donnelly asked the Minister for Finance the total amount of revenue expected to be raised by Capital Gains Tax for the year 2014 if there were no changes made to the rates and criteria for chargeable assets; and if he will make a statement on the matter. [33867/13]

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Written answers (Question to Finance)

The most recently published fiscal forecast was contained in the SPU in April. The CGT estimate underpinning the 2013 forecast was c. €360m. If there is no change in the CGT rate or criteria, the estimate for 2014, as per the SPU, is c. €370m. It should be pointed out that these figures may be comprehensively revised in the context of the White Paper and Budget 2014 as emerging fiscal and economic data are taken on board.