Dáil Éireann Debate, Tuesday - 1 October 2013
196. Deputy Kevin Humphreys asked the Minister for Finance on the issue of increasing capital gains tax by 3% in budget 2013, when this measure was implemented and the resultant yield on this measure thus far to the end of August 2013; the projected yield for the full year; and if he will make a statement on the matter. [40652/13]
View answerBudget 2013 provided for increasing the rate of capital gains tax from 30% to 33% for disposals made after 5 December 2012. This was implemented by way of Financial Resolution on Budget Night and was subsequently provided for in Finance Act 2013. The change was estimated to yield €50 million in 2013. However, I am informed by the Revenue Commissioners that figures of capital gains tax receipts are not captured in such a manner as would enable the impact of this change to be separately identified. It may be noted that as this change applied to disposals made after 5 December, 2012 the bulk of capital gains tax receipts affected by the change are not due for payment until 15 December, 2013.
