Tax Yield

Dáil Éireann Debate, Thursday - 13 July 2017

Thursday, 13 July 2017

Questions (145, 146, 147, 171, 172)

Michael McGrath

Question:

145. Deputy Michael McGrath asked the Minister for Finance the yield from inheritance tax in each of the years 2011 to 2016; and if he will make a statement on the matter. [33780/17]

Michael McGrath

Question:

146. Deputy Michael McGrath asked the Minister for Finance the approximate number of inheritance cases that resulted in a liability for capital acquisitions tax in each of the years 2011 to 2016; and if he will make a statement on the matter. [33781/17]

Michael McGrath

Question:

147. Deputy Michael McGrath asked the Minister for Finance the cost of agricultural relief, business relief, favoured nephew status and dwelling house relief against capital acquisitions tax; the number of claims received for each of these schemes in each of years 2011 to 2016, in tabular form; and if he will make a statement on the matter. [33782/17]

Aindrias Moynihan

Question:

171. Deputy Aindrias Moynihan asked the Minister for Finance the amount of inheritance tax collected in each of the past five years for each of the bands A, B and C, in tabular form; and if he will make a statement on the matter. [34202/17]

Aindrias Moynihan

Question:

172. Deputy Aindrias Moynihan asked the Minister for Finance his plans to reduce the inheritance tax burden for immediate family in bands A and B. [34203/17]

Written answers

Minister for Finance

I propose to take Questions Nos. 145 to 147, inclusive, 171 and 172 together.

I am informed by Revenue that information in relation to yield received from Capital Acquisitions Tax, which includes Inheritance Tax, can be found on the statistics page of the Revenue website at http://www.revenue.ie/en/corporate/information-about-revenue/statistics/receipts/receipts-capital-acquisitions-tax.aspx.

In addition, the tables at http://www.revenue.ie/en/corporate/information-about-revenue/statistics/tax-expenditures/costs-expenditures.aspx contains cost estimates and numbers claiming for a wide range of tax expenditures including agricultural relief, business relief and dwelling house relief for 2011 to 2015 and for favoured nephew status from 2011 to 2016. The report will be shortly updated with outstanding figures for 2016.

The following table shows the number of inheritance cases with a liability for inheritance tax, and the tax received, for years in question, broken down by groups A (children), B (close relative), and C (other relationship).

Year	Yield from Group A   €m	Numbers from Group   A	Yield from Group B   €m	Numbers from Group   B	Yield from Group C   €m	Numbers from Group   C
2011	-	733	-	6,249	-	2,723
2012	81.38	884	129.69	6,434	43.23	2,693
2013	92.71	1,097	131.34	6,626	33.48	2,443
2014	124.62	1,564	163.98	7,369	39.35	2,718
2015	135.10	1,990	178.91	8,063	51.12	2,934
2016	138.88	2,024	191.28	7,992	55.23	2,984

The Category A threshold was increased in the 2015 and 2016 Budgets and the Category B and C thresholds were increased in the 2016 Budget. Any further changes to these thresholds will be considered in the context of the 2017 Budget.