Tuesday, 2 July 2019

Questions (195)

Peter Burke

Question:

195. Deputy Peter Burke asked the Minister for Finance the estimated cost of reducing a tax by percentage points (details supplied); and if he will make a statement on the matter. [27697/19]

View answer

Written answers (Question to Finance)

I am informed by the Revenue Commissioners that cost of reducing the rate of Capital Gains Tax (CGT) can be found in Revenue’s Ready Reckoner at the following link: https://www.revenue.ie/en/corporate/information-about-revenue/statistics/ready-reckoner/index.aspx.

For the Deputy's convenience, the following table presents this information.

Reduction in the CGT Rate

Full Year € Million

From 33% to 32%

37

From 33% to 31%

73

From 33% to 28%

183