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Dáil Éireann Debate, Tuesday - 27 September 2016

Tuesday, 27 September 2016

Questions (217)

Richard Boyd Barrett

Question:

217. Deputy Richard Boyd Barrett asked the Minister for Finance the projected yield in 2017 of increasing CGT from 33% to 40%. [27501/16]

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Written answers

I am advised by Revenue that a wide range of statistical information is available on the Revenue Statistics webpage at http://www.revenue.ie/en/about/statistics/index.html.

In relation to the Deputy's Question, information on the projected yield from increasing the rate of Capital Gains Tax (CGT) can be found on the webpage under the "Ready-Reckoner" heading (http://www.revenue.ie/en/about/statistics/ready-reckoner.pdf). While the Ready Reckoner does not show the specific rate increase requested by the Deputy, changes can be estimated broadly on a pro-rata or straight-line basis with those displayed in the Reckoner. It should be noted that the potential yields shown in the Reckoner are maximum yields and do not reflect any potential behavioural change by taxpayers.

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