Dáil Éireann Debate, Thursday - 13 July 2017
175. Deputy Michael McGrath asked the Minister for Finance the full year cost of increasing the lifetime limit for CGT entrepreneur relief to €1 million, €5 million, €10 million and €15 million, respectively; and if he will make a statement on the matter. [34207/17]
View answerIt is assumed that the Deputy is referring to the Revised Entrepreneur Relief provided for in s. 597AA of the Taxes Consolidation Act 1997. I am advised by Revenue that the current lifetime limit applicable to this relief is €1 million in chargeable gains. The cost of increasing this limit to each of the amounts suggested by the Deputy is shown in the following table:
|
Proposed Lifetime Limit |
Full Year Cost €m |
|
€5 million |
49 |
|
€10 million |
54 |
|
€15 million |
56 |
