Peadar Tóibín
Question:129. Deputy Peadar Tóibín asked the Minister for Finance the annual revenue that would be generated from increasing the tax rate for trust income to 30%. [25306/15]
View answerWednesday, 24 June 2015
Questions (129)
Written answers
It is assumed that the Deputy is referring to the income generated by assets left in trust that is subject to Income Tax at the standard income tax rate. I am informed by the Revenue Commissioners that as income from trusts is aggregated in tax returns with other classes of income and cannot be separately distinguished there is no statistical basis on which an estimate of the yield requested can be provided.