Áine Collins
Question:56. Deputy Áine Collins asked the Minister for Finance the cost of increasing the group A tax free thresholds (details supplied) to €308,000 and to €500,000; and if he will make a statement on the matter. [2598/16]
View answerThursday, 21 January 2016
Questions (56)
Written answers
I am advised by the Revenue Commissioners that the costs of increasing the Capital Acquisitions Tax Group A tax free thresholds from the current €280,000 to the specified amounts are as shown in the table below.
|
Group A Tax Free Threshold |
First Year Cost €m |
Full Year cost €m |
|
€308,000 |
15 |
18 |
|
€500,000 |
65 |
75 |