I am advised by Revenue that the potential tax yield from a measure as outlined by the Deputy would be in the region of €12 million in 2022, if this measure was effective in relation to disposals made on or after 27 September 2022. The Deputy will wish to note that the CGT associated with disposals made on or after 1 December 2022 will not impact the 2022 calendar year tax receipts as it will fall to be paid in 2023.
This estimate is based on 2019 data, the latest year for which fully analysed data are available, with the higher proposed rate being applied to the proportionate amount of the gains above the combined threshold only. The estimate assumes no changes in behaviour resulting from the proposed increase in the tax rate.