Dáil Éireann Debate, Tuesday - 18 April 2023
363. Deputy Catherine Murphy asked the Minister for Finance the estimated additional revenue that would be raised from increasing the rate of capital gains tax to 50% for persons earning over €375,000. [16930/23]
View answerI am advised by Revenue that the estimated additional full-year revenue generated from a 50% Capital Gains Tax (CGT) rate applying to the taxable gains of individuals with incomes of more than €375,000 would be in excess of €103 million.
This full-year estimate is based on 2020 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.
