Dáil Éireann Debate, Thursday - 30 November 2017
89. Deputy Michael McGrath asked the Minister for Finance the first and full-year cost of increasing the group A capital acquisitions tax, CAT, threshold from €310,000 to €320,000, €330,000, €340,000 and €350,000; and if he will make a statement on the matter. [51354/17]
View answer90. Deputy Michael McGrath asked the Minister for Finance the first and full-year cost of increasing the group B CAT threshold from €32,150 to €37,150 and €42,150; and if he will make a statement on the matter. [51355/17]
View answer91. Deputy Michael McGrath asked the Minister for Finance the first and full-year cost of increasing the group C CAT threshold from €16,250 to €21,250 and €26,250; and if he will make a statement on the matter. [51356/17]
View answerI propose to take Questions Nos. 89 to 91, inclusive, together.
I am advised by Revenue that the first and full year cost of increasing Group A, B and C thresholds are outlined in the table.
|
Threshold A €310,000 |
First Year |
Full Year |
|
Increased to |
€m |
€m |
|
€320,000 |
7.4 |
8.5 |
|
€330,000 |
13.8 |
16.0 |
|
€340,000 |
19.6 |
22.8 |
|
€350,000 |
24.8 |
28.9 |
|
Threshold B €32,500 |
First Year |
Full Year |
|
Increased to |
€m |
€m |
|
€37,150 |
11.4 |
13.2 |
|
€42,150 |
22.1 |
25.7 |
|
Threshold C €16,250 |
First Year |
Full Year |
|
Increased to |
€m |
€m |
|
€21,250 |
4.7 |
5.5 |
|
€26,250 |
8.5 |
9.9 |
The current Threshold B rate is €32,500 as of 12th October 2016.
Further information is available in the Post-Budget 2018 Ready Reckoner which is available on the Revenue Statistics webpage at https://www.revenue.ie/en/corporate/information-about-revenue/statistics/ready-reckoner/index.aspx. This Ready Reckoner shows a wide range of detailed information, including changes to the CAT rates and the Group thresholds.
