Tax Data

Dáil Éireann Debate, Wednesday - 17 September 2014

Wednesday, 17 September 2014

Questions (293, 294, 295, 296, 297, 298, 299, 300, 301, 302, 305)

Róisín Shortall

Question:

293. Deputy Róisín Shortall asked the Minister for Finance the number of IT 38 forms filed with the Revenue Commissioners for the years 2010, 2011, 2012 and 2013. [34369/14]

Róisín Shortall

Question:

294. Deputy Róisín Shortall asked the Minister for Finance the number of IT 38 forms filed with the Revenue Commissioners in each of the years 2010, 2011, 2012 and 2013, which referred only to gifts. [34370/14]

Róisín Shortall

Question:

295. Deputy Róisín Shortall asked the Minister for Finance the number of CA 24 forms filed with the Revenue Commissioners in each of the years 2010, 2011, 2012 and 2013. [34371/14]

Róisín Shortall

Question:

296. Deputy Róisín Shortall asked the Minister for Finance the number of IT 32 forms filed with the Revenue Commissioners in each of the years 2010, 2011, 2012 and 2013. [34372/14]

Róisín Shortall

Question:

297. Deputy Róisín Shortall asked the Minister for Finance the number of IT 4 forms filed with the Revenue Commissioners in each of the years 2010, 2011, 2012 and 2013. [34373/14]

Róisín Shortall

Question:

298. Deputy Róisín Shortall asked the Minister for Finance the number of IT 4, IT 32, IT 38 and CA 24 forms examined by staff of the Revenue Commissioners with a view to carrying out an audit; the number of actual audits carried out; and the yield arising for each of the years 2008 to 2013 inclusive. [34374/14]

Róisín Shortall

Question:

299. Deputy Róisín Shortall asked the Minister for Finance the number of deceased persons in the State in each of the years 2008 to 2013 for whom no CAT return of any type was received. [34375/14]

Róisín Shortall

Question:

300. Deputy Róisín Shortall asked the Minister for Finance the total net value assets listed on form IT 38 returns on death only in each of the years 2008 to 2013. [34376/14]

Róisín Shortall

Question:

301. Deputy Róisín Shortall asked the Minister for Finance the total net value assets listed on IT 38 forms as gifts only in each of the years 2008 to 2013. [34377/14]

Róisín Shortall

Question:

302. Deputy Róisín Shortall asked the Minister for Finance the gross amounts listed on CA 24 forms filed with the Revenue Commissioners as property in the State passing under the will intestacy of the deceased and property outside the State passing under the will intestacy of the deceased for the years 2008 to 2013. [34378/14]

Róisín Shortall

Question:

305. Deputy Róisín Shortall asked the Minister for Finance if he will provide an analysis of the capital acquisitions tax take for the years 2010, 2011 and 2012, indicating the value of gifts or inheritances under the various thresholds and the tax take under each threshold. [34381/14]

Written answers

Minister for Finance

I propose to take Questions Nos. 293 to 302, inclusive, and 305 together.

I am advised by the Revenue Commissioners that following changes introduced in the Finance Act 2010, a new computer system for dealing with CAT returns was put in place.  With regard to information requested for years prior to 2010 which was stored on a legacy IT system, it has not been possible to provide all information in the level of detail requested by the Deputy.

The number of IT 38 forms filed with the Revenue Commissioners for and in the requested years of assessment is as follows:

Year of assessment	Number of IT38 forms for the year	Number of IT38 forms filed in the year
2010	18,684	11,545
2011	17,903	18,337
2012	15,183	18,478
2013	6,223	17,792

The number of IT38 forms filed with the Revenue Commissioners for and in each of the requested years of assessment referring only to gifts is as follows:

Year of assessment	Number of IT38 forms for the year	Number of IT38 forms in the year
2010	3,647	2,264
2011	4,013	3,626
2012	2,783	4,058
2013	947	3,623

The number of CA24 Forms filed with the Revenue Commissioners in the years 2010, 2011, 2012, 2013 and 2014  is as follows:

Year	Number of CA24's Filed
2010	9,576
2011	13,548
2012	12,946
2013	12,484
2014	11,064

According to records held by the Revenue Commissioners the total number of IT32 and IT4 forms filed for years 2011 to 2013 is as follows:

Year	IT32 forms filed	IT4 forms filed
2011	96	16
2012	105	25
2013	98	18

The aggregate number of IT4 forms and IT32 forms filed in 2010 was 100. It has not proved possible for that year to provide an analysis by reference to the tax year for which these returns were filed.

In the years 2008 to 2010 the Forms IT4, IT32, IT38 AND CA24 were paper based returns which were input on to Revenue's computer systems by Revenue staff.  As part of this process, the returns were also manually screened and if Revenue staff identified any issues requiring further examination these were referred for possible audit.  This approach continues to be the case for Forms IT4 and IT32.

Following the introduction of new IT systems in 2010, all of these returns are processed by Revenue's risk analysis computer systems and cases where issues are identified are referred for possible audit. 

The number of CAT audits and the resulting yield for the years 2008 to 2013 is set out in the following table:

Year	No of Audits	Yield
2008	61	610,528
2009	52	1,119,030
2010	52	857,616
2011	51	886,266
2012	56	8,973,270
2013	77	2,857,829
Totals	349	15,304,538

Data in relation to the number of deceased persons in the State are not maintained by Revenue and there is no general obligation to file CAT returns.  Revenue's compliance and risk assessment programmes in relation to deceased persons are focussed on the estates of deceased persons only where a liability to tax is likely to arise.  Liability to Capital Acquisitions Tax, if any, arises to beneficiaries of the estates of deceased persons, taking account for example of thresholds and interspousal transfers.

The figures in the following table are the total net value assets listed on forms IT38 in each of the years 2008 to 2013 including returns on death and returns of gifts.  Revenue is unable to differentiate between assets received on inheritance and by gift.  The figures are drawn from returns filed after the changes produced by the Finance Act, 2010.

-	2008 - €000	2009 - €000	2010 - €000	2011 - €000	2012 - €000	2013 - €000
Market value	434,768	1,564,402	2,381,778	3,242,304	1,866,360	588,828
Reliefs/exemptions	21,878	83,018	145,034	243,958	109,535	29,329
Expenses	10,650	41,580	42,691	37,281	35,901	11,766
Net value of assets	402,240	1,439,803	2,194,053	2,961,066	1,720,923	547,733

Revenue is, in the time available,  unable to assemble the information requested in respect of the gross amounts listed on forms CA24 filed with the Revenue Commissioners for property in the State passing under the will intestacy of the deceased and property outside the State passing under the will intestacy of the deceased for the years 2008 to 2013.  Revenue is endeavouring to collate this information and I will arrange for the available material to be forwarded to the Deputy in due course.

The estimated breakdown of yield from Capital Acquisitions Tax (CAT) for the years in question is as follows:

Year	Inheritance Tax €m	Gift Tax €m	Discretionary Trust Tax €m	*Probate Tax €m
2010	186.2	46.8	3	0.5
2011	213.5	27.1	2.4	0.2
2012	254.3	25.8	2.9	0.2

*Abolished in respect of deaths occurring on or after 6 December 2000

Information regarding the value of gifts or inheritances under the various thresholds and the tax take under each threshold is not available.  However on the basis of the taxable values of gifts or inheritances liable to tax, the breakdown of the 2010, 2011 and 2012 yields from Inheritance Tax and Gift Tax by Group Thresholds A, B and C are estimated as follows:

Group threshold relationship to disponor	% of total Inheritance tax and Gift tax	-	-
	2010	2011	2012
A - Son/Daughter	28	30	37
B - Parent/Brother/ Sister/Niece/ Nephew/Grandchild	51	51	46
C - Relationship other than Group A or B	21	19	17