Dáil Éireann Debate, Thursday - 25 May 2017
94. Deputy Michael McGrath asked the Minister for Finance the amount of tax revenue received as a result of the section 110 and other fund changes made as part of budget 2017; the amount he currently expects to receive as a result of the changes; and if he will make a statement on the matter. [25214/17]
View answerI am advised by Revenue that in relation to the Budget 2017 measures, a yield of €50 million was included in Budget 2017. This yield was both conservative and prudent at the time. To estimate the yield from these amendments into the future requires predicting changes in property prices as well as behavioural changes. It is too early for the Department or Revenue to revise the final amount expected in 2017 or beyond, however based on receipts received to date it is likely that the projected yield will be exceeded.
I am advised by Revenue that it is not possible to identify separately any element of the combined yield from the two measures in the tax yield.
