Emmet Stagg
Ceist:137 Mr. Stagg asked the Minister for Finance the loss or estimated loss to the Exchequer due to the operation of the child exemption tax relief for each year since its introduction; and the estimated loss in 1991.
Written Answers. - Tax Relief Costs.
Following is the information requested by the Deputy.
|
Year |
Estimated Cost to the Exchequer |
|
£m |
|
|
1989-90 |
7 |
|
1990-91 |
15.5 |
|
1991-92 |
15 |
These figures are provisional and are likely to be revised.
The figure shown for 1991-92 is an estimate of the cost of the exemption based on its current level.
Emmet Stagg
Ceist:138 Mr. Stagg asked the Minister for Finance the loss or estimated loss to the Exchequer due to the operation of the relief for resident children under the residential property tax for each year since its introduction; and the estimated loss in 1991.
I have been advised by the Revenue Commissioners that the information sought by the Deputy is as follows:
|
Year |
Estimated Loss |
|
1983 |
£226,000 |
|
1984 |
£231,000 |
|
1985 |
£457,000 |
|
1986 |
£386,000 |
|
1987 |
£137,000 |
|
1988 |
£88,000 |
|
1989 |
£36,000 |
|
1990 |
£806,000 |
|
1991 |
£620,000 |
Emmet Stagg
Ceist:139 Mr. Stagg asked the Minister for Finance the loss or estimated loss to the Exchequer due to the operation of the exemption of tax deductible payments for the support, maintenance or education of a child under the Capital Acquisitions Tax Act, 1976 for each year between 1985 to 1990 inclusive.
I have been advised by the Revenue Commissioners that statistics are not available which would enable the information requested by the Deputy to be given.
However, records do show that the number of cases in which the exemption is claimed is small and that, accordingly, the loss to the Exchequer may be regarded as negligible.