Finian McGrath
Question:78. Deputy Finian McGrath asked the Minister for Finance the cost of increasing group B of capital acquisitions tax from €30,175 to €33,000 per year; and if he will make a statement on the matter. [42016/15]
View answerWednesday, 25 November 2015
Questions (78)
Written answers
I assume that the Deputy is referring to the annual cost of increasing the Capital Acquisitions Tax category B threshold, which applies to gifts and inheritances from brother, sister, niece, nephew or grandchild, from the existing threshold of €30,150 to €33,000.
I am advised by the Revenue Commissioners that the cost of increasing the category B threshold to €33,000 would be approximately €7 million on a full year basis and €6 million on a first year basis.