Dáil Éireann Debate, Thursday - 8 September 2022
352. Deputy Ged Nash asked the Minister for Finance the estimated additional revenue that would be raised from increasing the rate of capital gains tax to 40% for persons earning over €250,000 and €500,000, respectively, in tabular form; and if he will make a statement on the matter. [42580/22]
View answerI am advised by Revenue that the estimated additional revenue that would be raised by increasing the rate of Capital Gains Tax to 40% in respect of gains made by persons with incomes in excess of €250,000 and €500,000 respectively is as set out in the table below:
This full-year estimate is based on 2019 data, the latest year for which fully analysed data are available. This estimate assumes no change in behaviour by individuals resulting from the increase in the tax rate.
|
Income |
Estimated Yield €m |
|
Above €250,000 |
22 |
|
Above €500,000 |
11 |
