Tax Code

Dáil Éireann Debate, Wednesday - 1 June 2016

Wednesday, 1 June 2016

Ceisteanna (94)

Pearse Doherty

Ceist:

94. Deputy Pearse Doherty asked the Minister for Finance the cost of dividing the capital gains tax categories into passive and active and applying a 40% rate to the passive tax activity, for example, buying shares, and the following 35% to active engagement, for example, selling on a business. [13888/16]

Freagraí scríofa

Minister for Finance

I am advised by the Revenue Commissioners that as tax returns do not provide a basis for compiling estimates in relation to the amount of Capital Gains Tax liability separately associated with passive and active activity, there is no basis on which Revenue could provide the information requested by the Deputy.