Dáil Éireann Debate, Tuesday - 24 May 2016
108. Deputy Michael McGrath asked the Minister for Finance the cost of agricultural relief, business relief, favourite nephew status and dwelling house relief against capital acquisitions tax, and the number of claims received for each of these in each of years 2011 to 2015 in tabular form; and if he will make a statement on the matter. [11494/16]
Amharc ar fhreagra109. Deputy Michael McGrath asked the Minister for Finance the yield from inheritance tax in each of the years 2011 to 2015; and if he will make a statement on the matter. [11495/16]
Amharc ar fhreagra110. Deputy Michael McGrath asked the Minister for Finance the number of inheritance cases that resulted in a liability for capital acquisitions tax in each of the years 2011 to 2015; and if he will make a statement on the matter. [11496/16]
Amharc ar fhreagraI propose to take Questions Nos. 108 to 110, inclusive, together.
I am advised by the Revenue Commissioners that the Revenue Statistics web page contains detailed statistical information on Capital Acquisitions Tax (CAT) and other taxes. A breakdown of CAT net receipts, including inheritance tax, is shown at: http://www.revenue.ie/en/about/statistics/receipts-capital-acquisitions-tax.html. Information on tax expenditures, including in relation to Agricultural Relief and Business Relief for 2011 to 2014, is available at http://www.revenue.ie/en/about/statistics/registrations-assessments-transactions-overview.html. The relevant provisional figures for 2015 relating to Agricultural Relief are 2,024 claims at an estimated tax cost of €215 million, while the data for Business Relief for the year is 461 claims at an estimated tax cost of €86.9 million. Updates will be published in due course for later years.
The latest figures in relation to Favourite Nephew relief and Dwelling House exemption are shown in the following table. The necessary detailed data is not available to provide a basis for compiling the cost of Favourite Nephew relief. The estimated cost for the Dwelling House exemption does not take account of the availability or otherwise of the relevant thresholds if the exemption did not apply.
|
|
2011 |
2012 |
2013 |
2014 |
2015 |
|||||
|
Scheme |
Numbers |
Cost €m |
Numbers |
Cost €m |
Numbers |
Cost €m |
Numbers |
Cost €m |
Numbers |
Cost €m |
|
Favourite Nephew |
102 |
N/A |
105 |
N/A |
90 |
N/A |
114 |
N/A |
133 |
N/A |
|
Dwelling House |
565 |
45 |
499 |
38 |
538 |
35 |
614 |
41 |
741 |
52 |
In relation to the third question, the numbers of those who were liable for inheritance tax in each of the years 2011 to 2015 is as shown in the following table. The following table shows only the number of cases where a liability to tax arose; it does not include cases that would not have been liable for tax, e.g. because the beneficiary had not exceeded the relevant life-time tax-free threshold. Figures for 2015 should be considered provisional and may be subject to change.
|
Number of Cases |
2011 |
2012 |
2013 |
2014 |
2015 |
|
Inheritance Tax |
9,705 |
10,011 |
10,166 |
11,651 |
12,987 |
