Dáil Éireann Debate, Thursday - 4 November 2004
126 Mr. Kenny asked the Minister for Finance the amount of capital acquisition tax received by the State in each of the past ten years; the percentage of this which was inheritance tax in each year and the percentage paid by children of deceased members in each such year; and if he will make a statement on the matter. [27623/04]
Amharc ar fhreagraI am informed by the Revenue Commissioners that the net receipt of capital acquisitions tax, CAT, and the percentage of this which was inheritance tax, in each of the past ten years is as follows:
|
Year |
Total CAT Yield €million |
Inheritance Tax as a Percentage |
|
% |
||
|
1994 |
74.8 |
71 |
|
1995 |
75.6 |
67 |
|
1996 |
103.5 |
59 |
|
1997 |
112.6 |
72 |
|
1998 |
141.8 |
69 |
|
1999 |
192.3 |
70 |
|
2000 |
222.9 |
69 |
|
2001 |
167.7 |
72 |
|
2002 |
150.9 |
85 |
|
2003 |
213.2 |
61 |
The total CAT yield comprises inheritance tax, gift tax, discretionary trust tax and probate tax, although it should be noted that probate tax was abolished in respect of deaths occurring on or after 6 December 2000.
I understand that the Deputy's reference to deceased "members" is to be taken as meaning deceased "persons". I am informed by the Revenue Commissioners that it is not possible to separately identify the yield relating to children of deceased persons in the overall inheritance tax yield.
