I propose to take Questions Nos. 343, 346 and 373 together.
In relation to Question No. 346, it is assumed the Deputy is referring to Capital Acquisitions Tax (CAT) rather than Capital Gains Tax (CGT).
The CAT receipts by year are published on the Revenue website at link: www.revenue.ie/en/corporate/information-about-revenue/statistics/receipts/receipts-taxhead.aspx. A breakdown of CAT receipts, including the yield from Discretionary Trust Tax is published at www.revenue.ie/en/corporate/documents/statistics/receipts/cat-receipts.pdf.
The Revenue Ready Reckoner, which is available at link: www.revenue.ie/en/corporate/documents/statistics/ready-reckoner.pdf, shows on pages 15 to 17, the estimated yield from changes to CAT reliefs, thresholds and rates. The proposed increases can be estimated on a pro rata basis from the information in the published table.
The yield from Discretionary Trust Tax at the current rate is shown in the publication referenced above. With an assumption of no behavioural change, an estimated increase in the yield pro-rata to the increase in the rate from 6% to 20% could be calculated. However, this would be a sizeable increase in rate and the assumption of no change in behaviour is unlikely to be realistic. Therefore, there is no basis to provide an accurate estimate of this proposed change.
Regarding Question No. 343, the yield from capping Business and Agricultural Relief at €3 million is tentatively estimated at €45 million for Business Relief and €1 million for Agricultural Relief.