Aindrias Moynihan
Ceist:171. Deputy Aindrias Moynihan asked the Minister for Finance the changes planned for the capital acquisition tax thresholds and rates over the next three years. [29474/18]
Amharc ar fhreagraWednesday, 4 July 2018
Ceisteanna (171)
Freagraí scríofa
In general consideration of Capital Acquisitions Tax (CAT) thresholds and rates are undertaken within the annual Budgetary and Finance Bill process. As is normal, the Deputy will appreciate that I cannot comment on any possible changes in advance of the 2019 Budget. In addition, it would be impossible for me to comment on any possible changes in respect of future Budgets.
The Deputy will be aware that considerable changes have been made to all three CAT thresholds in recent budgets:
The Group A threshold increased from €225,000 to €280,000 in Budget 2016, and to €310,000 in Budget 2017. This threshold applies where the beneficiary is a child (including certain foster children) or minor child of a deceased child of the disponer. Parents also fall within this threshold where they take an absolute inheritance from a child. The Group B threshold increased from €30,150 to €32,500 in Budget 2017. This threshold applies where the beneficiary is a brother, sister, niece, nephew, or lineal ancestor or lineal descendant of the disponer. The Group C threshold increased from €15,075 to €16,250 in Budget 2017. This threshold applies in all other cases.