Dáil Éireann Debate, Tuesday - 23 June 2015
236. Deputy Michael McGrath asked the Minister for Finance the last occasion on which the €3,000 annual small gifts exemption for the purposes of capital acquisitions tax was changed; and if he will make a statement on the matter. [24663/15]
View answerI am advised by the Revenue Commissioners that section 69 of the Capital Acquisitions Tax Consolidation Act, 2003 provides for a cumulative annual exemption of €3,000 for gifts taken by any one person from any one donor in each calendar year. This annual exemption was originally £250 (€317) and was increased to £500 (€635) in 1979, £1,000 (€1,270) in 1999 and most recently to €3,000 in 2003.
