Paul Murphy
Question:79. Deputy Paul Murphy asked the Minister for Finance the projected cost of the exemption from capital gains tax for property sold after being acquired and held for seven years. [6309/16]
View answerThursday, 14 April 2016
Questions (79)
Written answers
I am informed by the Revenue Commissioners that as this scheme was only introduced in Budget 2012, it is not possible at this time to estimate how many properties will be disposed and be eligible for this scheme or the amount of the resulting chargeable capital gain, if any, that may arise on such disposals. Accordingly, it is not possible to estimate the likely cost of the exemption.