Dáil Éireann Debate, Tuesday - 5 July 2016
138. Deputy Pearse Doherty asked the Minister for Finance regarding the CAT group A threshold, the total annual number of persons who availed of the group A threshold in each of the years from 2010 to 2014, in tabular form; the total value claimed through this threshold; and the total number of persons whose claims exceeded this threshold, broken down into regions (details supplied) as per the Revenue Commissioners organisational chart. [19337/16]
View answerI am advised by the Revenue Commissioners that, under the self-assessment system, an individual is required to submit a return reporting receipts by way of gift or inheritance at the point when their lifetime receipts exceed 80% of the relevant Capital Acquisitions Tax (CAT) lifetime tax-free threshold. The numbers filing such returns in relation to the Group A threshold in each of the years 2010 to 2014 are shown in the tables, broken down into Revenue administrative regions as requested by the Deputy.
It is important to note that, as the thresholds are lifetime amounts, the fact that a return has been filed in a particular year does not indicate that an amount equal to 80% of the threshold has been received in that year. There could have been a number of smaller receipts over a longer period.
The total value claimed through this threshold as requested by the Deputy is not readily available and could only be provided following a significant development of Revenue's Capital Acquisitions Tax statistical model.
The numbers who received gifts or inheritances in the Group A category which were liable to CAT in each year are also shown in the following tables. In these cases the threshold could have been exceeded by one receipt which is larger than the threshold or a portion of an individual's threshold may have been utilised in earlier years in connection with other gifts or inheritances received.
Figures for 2010 reflect only July to December information. Due to a changeover in Revenue systems pre-July data are not readily available.
2014
|
Region |
Border, Midlands, West |
Dublin |
East and Southeast |
Southwest |
Total |
|
Number filing returns availing of Group A threshold |
833 |
2,053 |
999 |
1,151 |
5,036 |
|
Number liable to CAT on a Group A receipt |
272 |
1,171 |
366 |
319 |
2,128 |
2013
|
Region |
Border, Midlands, West |
Dublin |
East and Southeast |
Southwest |
Total |
|
Number filing returns availing of Group A threshold |
830 |
1,786 |
997 |
1,106 |
4,719 |
|
Number liable to CAT on a Group A receipt |
220 |
850 |
305 |
244 |
1,619 |
2012
|
Region |
Border, Midlands, West |
Dublin |
East and Southeast |
Southwest |
Total |
|
Number filing returns availing of Group A threshold |
871 |
1,760 |
1,236 |
1,171 |
5,038 |
|
Number liable to CAT on a Group A receipt |
186 |
778 |
329 |
243 |
1,536 |
2011
|
Region |
Border, Midlands, West |
Dublin |
East and Southeast |
Southwest |
Sum |
|
Number filing returns availing of Group A threshold |
820 |
1,601 |
1,038 |
1,019 |
4,478 |
|
Number liable to CAT on a Group A receipt |
135 |
648 |
236 |
219 |
1,238 |
2010*
|
Region |
Border, Midlands, West |
Dublin |
East and Southeast |
Southwest |
Sum |
|
Number filing returns availing of Group A threshold |
268 |
436 |
380 |
374 |
1,458 |
|
Number liable to CAT on a Group A receipt |
50 |
178 |
87 |
65 |
380 |
* Contains only half year information due to a changeover in information technology systems
