Tax Exemptions

Dáil Éireann Debate, Tuesday - 28 March 2017

Tuesday, 28 March 2017

Ceisteanna (110)

Pearse Doherty

Ceist:

110. Deputy Pearse Doherty asked the Minister for Finance the estimated cost to the Exchequer 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 35% to active engagement, for example, selling on a business. [14876/17]

Freagraí scríofa

Minister for Finance

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