Richard Boyd Barrett
Question:229. Deputy Richard Boyd Barrett asked the Minister for Finance the full-year revenue that would be generated by increasing CGT to 40%; and if he will make a statement on the matter. [31015/23]
View answerTuesday, 27 June 2023
Questions (229)
Written answers
I am advised by Revenue that the estimated yield from increasing the rate of Capital Gains Tax (CGT) is published on page 14 of the Revenue Ready Reckoner, available on the Revenue website at: www.revenue.ie/en/corporate/documents/statistics/ready-reckoner.pdf
While the exact changes sought by the Deputy are not provided, they can be estimated on a straight-line or pro-rata basis. These estimates do not take account of any potential change in behaviour by the taxpayers concerned in response to changes in the tax rate.