Vol. 398 No. 6
49 Mr. Durkan asked the Minister for Finance the estimated cost to the Exchequer in a full year of raising the threshold for Capital Acquisition Tax by (a) 20 per cent and (b) 50 per cent; and if he will make a statement on the matter.
The class thresholds applicable to gifts and inheritances for capital acquisition tax are £150,000, £20,000 and £10,000, depending on the relationship between the disponer and the beneficiary in connection with the particular benefit taken. I have been advised by the Revenue Commissioners that, in a full year, the estimated cost to the Exchequer of raising these thresholds by 20 per cent would be £4 million, and by 50 per cent would be £7 million.
