Finian McGrath
Question:251. Deputy Finian McGrath asked the Minister for Finance the amount of revenue that would be lost if Capital Gains Tax was reduced from 33% to 30%; and if he will make a statement on the matter. [36554/15]
View answerTuesday, 20 October 2015
Questions (251)
Written answers
I am advised by the Revenue Commissioners that a wide range of statistical information is available on the Commissioners' Statistics webpage: http://www.revenue.ie/en/about/statistics/index.html.
In particular, in relation to the Deputy's Question, estimates for changing the rate of Capital Gains Tax are included in the Ready Reckoner on the Statistics webpage:
http://www.revenue.ie/en/about/statistics/ready-reckoner.pdf.
While the Ready Reckoner does not show the specific costings requested by the Deputy, the changes can be estimated broadly on a pro-rata (or straight-line) basis with those displayed in the Reckoner.
All estimates shown in the Ready Reckoner are provisional and subject to revision. These estimates are based upon an assumption that there would be no behavioural impact of these changes. In addition, the costs shown from decreases in taxation on assets relating to property are subject to movements in the value of such assets.