Dáil Éireann Debate, Wednesday - 19 December 2018
138. Deputy Michael McGrath asked the Minister for Finance the annual cost of the entrepreneurial relief for each year since its establishment including 2018; the number of companies that have availed of the scheme in each of these years by multinational companies and SME companies; and if he will make a statement on the matter. [53752/18]
View answerIt is assumed that the Deputy is referring to the revised entrepreneur relief which is provided for in Section 597AA of the Taxes Consolidation Act 1997 in respect of Capital Gains Tax (CGT) for individuals disposing of certain business assets.
I am advised by Revenue that based on analysis of CGT returns filed for the tax year 2016, the latest year available, approximately 410 individuals have availed of entrepreneurial relief with an estimated cost of approximately €20 million. As the relief is only available to individuals, a breakdown by multinational company and SME is not available.
