Dáil Éireann Debate, Tuesday - 20 June 2017
205. Deputy Stephen S. Donnelly asked the Minister for Finance the estimated changes to capital gains tax receipts due to Brexit, specifically with regard to internal transfers between Irish and United Kingdom company groups that have a presence both here and in the United Kingdom and that would incur capital gains tax as a result of former internal transfers. [26553/17]
Amharc ar fhreagraI am advised by Revenue that the details of intergroup transfers of assets are not separately identified on the relevant tax returns. The Deputy may also be interested to note that, in the majority of situations, tax on capital gains realised by corporate entities is reported with and paid as part of their Corporation Tax liability.
As such, there is no reliable basis upon which to estimate the changes, if any, to receipts in this regard with respect to Brexit.
