Thursday, 30 May 2019

Questions (56)

Michael McGrath

Question:

56. Deputy Michael McGrath asked the Minister for Finance the annual cost of the entrepreneurial relief for each year since its establishment; the number of companies that availed of the scheme in each of these years by multinational and SME companies; and if he will make a statement on the matter. [23147/19]

View answer

Written answers (Question to Finance)

It is assumed the Deputy is referring to the revised Entrepreneur Relief (section 597AA TCA 1997) that is available in respect of Capital Gains Tax (CGT). The available information is published on the Revenue website at the following link - https://www.revenue.ie/en/corporate/information-about-revenue/statistics/tax-expenditures/entrepreneur-relief-statistics.aspx.

The estimated cost of the relief and the number of claims is provided in the following table for the Deputy's convenience.

Year

Estimated Exchequer Cost €m

Number of Claims

2017 (provisional)

81.2

873

2016

20.4

412

Information is not available in respect of multinational and SME companies as the relief applies to individuals only.